Petroleum Africa
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Wednesday, September 12, 2018
Cairn Energy issued an update on its activities over the past quarter in Senegal, where it is the operator of the SNE field with a 40% working interest. Over the quarter the company delivered key milestones for the SNE field development plan, which included submitting an evaluation report to the government of Senegal.
The company will develop the SNE field’s resources through a multi-phase development. The company and its partners will see the field’s roughly 500 million barrels of oil produced at a peak rate of around 100,000 bpd.
Assessing tender responses for the FPSO facility and subsea infrastructure ahead of the FEED planned for Q4 2018. Development and Exploitation Plan submission and approval are targeted for H2 2018 with the Final Investment Decision (FID) to follow in 2019.
Cairn said that the formal transfer of operatorship to Woodside is expected to take place in Q4 and key work streams have already been delegated.
Detailed work is underway on project financing.
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