Petroleum Africa
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Tuesday, April 14, 2015
FAR Ltd. and its partners in Senegal ConocoPhillips, Cairn Energy (operator), and Petrosen are planning a first phase work program to evaluate the SNE-1 and FAN-1 discoveries. According to a statement issued by FAR, the work program includes two wells to appraise the SNE-1 discovery and one exploration well likely to assess a ‘shelf’ prospect.
The program will also include further evaluation of the FAN-1 discovery and a new 3D seismic survey over a part of the contract area including a portion of the Sangomar and Rufisque blocks. An evaluation work program will be submitted to the government of Senegal in May.
The results from the SNE-1 and FAN-1 wells provided key data to update pre-drill geological models and have given FAR strong encouragement that further exploration drilling could result in more discoveries. To this end, and since the Notice of Discoveries was submitted to the government in November, the JV has progressed detailed analysis of SNE-1 and FAN-1 well data, extensive geological studies, and modern 3D seismic reprocessing. FAR has re-assessed its portfolio of exploration leads and prospects based on the current data and these are included in this report.
Based on the size of the SNE-1 oil accumulation (gross, best estimate contingent resource 330 mmbbls), excellent reservoir properties, known oil and gas column height and confidence in the mapping of the structure on 3D seismic data, SNE is the more attractive discovery for early evaluation and will be the initial focus of the JV’s evaluation work program.
Cairn, as operator, anticipates that two appraisal wells will be drilled and the reservoir will be flow tested and cored in the first phase evaluation program. The objective of appraisal drilling is to confirm the reserves and productivity required for a commercial development.
Cairn continues work on finding an appropriate rig for the evaluation program.
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