Petroleum Africa
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Wednesday, June 11, 2014
Cairn and its JV partners offshore Senegal FAR Ltd. and ConocoPhillips have modified the Senegal drilling program in order to incorporate essential maintenance. FAR said that having set 13-3/8”casing in the FAN-1 well ahead of drilling into the two main objectives, the maintenance work is expected to take approximately 12 days.
The FAN-1 well is located in the North Fan Prospect in 1,427 meter water depth in the Sangomar Deep block approximately 100 km offshore Senegal.
As a result of essential rig maintenance, the FAN-1 well completion date has been delayed and the estimated cost to complete the FAN-1 well is expected to exceed the original estimates. Funding for FAR’s 15% participating interest in the two Senegal wells will be in the form of future carries and from cash previously received from Cairn Energy and ConocoPhillips.
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