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Tuesday, January 20, 2015
Cairn Energy has been working with the government of Senegal and its partners on preparing a multi-well evaluation program on the Sangomar Block. The program will consist of appraisal and exploration drilling.
The company revealed that the analysis of the previous two discoveries made on the block, the SNE-1 and the FAN-1, is proceeding in line with expectations.
Sangomar Block partners include Cairn as operator, ConocoPhillips, Far Ltd., and Petrosen.
Simon Thomson, Chief Executive of Cairn Energy said in the company’s Pre-close Update,“Our focus in 2015 is on delivering a multi well appraisal and exploration program in Senegal, following our success in opening up this new Atlantic Margin basin last year.
“The large acreage position in Senegal offers material near term growth potential with numerous follow on prospects identified, and the Joint Venture is well positioned to benefit from the current reduction in industry costs.”
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