Scandoil  

FAR Ltd. receives Presidential Decree confirming Senegal PSC extension


Published Nov 30, 2015
FAR Ltd. spuds first well on the SNE oil field

FAR Ltd, a member of the Senegal Joint Venture, has received a Presidential decree extending the current Petroleum Sharing Contract (PSC) by the requested three years starting from 6 February, 2016.

This extension allows the Joint Venture time to appraise the world class SNE and FAN oil discoveries made in 2014 and to evaluate the considerable exploration potential which remains within the PSC area.

The first phase of the Joint Venture's planned appraisal and exploration program has already begun and consists of three new wells SNE-2, SNE-3 and BEL-1 that are to be drilled back to back and are expected to be completed by mid 2016 (refer ASX release 05/11/2015).

The SNE-2 appraisal well spudded offshore Senegal in the Sangomar Deep Offshore Block on 4 November. This is to be followed by the SNE-3 appraisal well and the BEL-1 exploration well in the yet to be drilled Buried Hills Play.

Tags: FAR Ltd




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml