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FAR Ltd declares evaluation plan for Senegal discoveries


Published Apr 14, 2015
FAR Ltd

Following the successful drilling campaign offshore Senegal in 2014, FAR Ltd and its joint venture partners ConocoPhillips, Cairn Energy and Petrosen (the Government of Senegal) are planning a first phase work program to evaluate the SNE-1 and FAN-1 discoveries.

The work program includes two wells to appraise the SNE-1 discovery and one exploration well likely to assess a 'shelf' prospect. The program will also include further evaluation of the FAN-1 discoveryand a new 3D seismic survey over a part of the Contract area including a portion of the Sangomar and Rufisque blocks. An evaluation work program will be submitted to the Government of Senegal in May 2015.

The SNE-1 and FAN-1 wells were the first exploration wells to be drilled in the deep water offshore Senegal and were the first to be drilled offshore Senegal for 26 years. As a result, these two wells were highly significant not only because they discovered oil but because they have provided key data to update pre-drill geological models and have given FAR strong encouragement that further exploration drilling could result in more discoveries.

Tags: FAR Ltd




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