Petroleum Africa
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Wednesday, March 15, 2017
FAR Ltd., one of the partners offshore Senegal on the SNE field, believes production from the field could begin as early as 2021 and at a higher rate than expected. Cath Norman, company chief executive stated that one of two reservoirs tested in the recently drilled SNE-5 yielded better than expected flows during testing.
“What it means is we can apply a much higher recovery factor to that unit, and that will have an impact on the resources of the field,” Norman told Reuters.
The companies expect to come up with a joint estimate of the field’s reserves around June or July, Norman said. FAR currently estimates SNE holds 640 million barrels of proved and probable reserves.
Cairn, FAR and Woodside had all said they expected to start producing at some point between 2021 and 2023, using a floating production, storage and offloading (FPSO) vessel.
Norman said the timing of first oil “probably” could be brought forward, but that would depend on the targeted production rate for the field, currently estimated at 100,000 to 120,000 barrels per day by Cairn and 140,000 bpd by FAR.
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