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Monday, December 17, 2018
In Senegal, FEED activities have commenced for the SNE Field Development Phase 1 offshore the country. FAR Ltd., one of JV partners on the field, said that the FEED entails various studies and activities to finalize budget, schedule and technical definition for the SNE Field development aimed at the Joint Venture reaching a FID in 2019.
FAR’s managing director Cath Norman said, “Commencement of FEED activities is a significant milestone for our Joint Venture and the SNE Field development offshore Senegal. From discovery to entering FEED in a four-year period, especially given the general market conditions, is a substantial achievement for the Joint Venture.
“In addition to the commencement of FEED, the JV financing has now commenced.
“It has been a successful 2018 for the SNE Field development project and we look forward to working closely with the Joint Venture and Government of Senegal as we progress the Final Investment Decision in 2019.”
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