Continental Focus, International Reach

SNE Development Plan Submitted

Sunday, October 28, 2018

Cairn Energy, operator of the SNE field offshore Senegal, submitted the Development and Exploitation Plan to the government. The company expects to see the plan approved later this year.

The Development and Exploitation plan outlines the full multi-phase development of oil and gas. The field will be developed in a series of phases with plans for ~500 million barrels of oil (mmbbls) and gross production of 100,000 barrels of oil per day (bopd) with first oil targeted in 2022. Following the establishment of oil production, commercial gas sales to Senegal are expected to commence.

The tender responses for the FPSO facility and supporting subsea infrastructure have been received and are under evaluation and short-listing ahead of Front-End Engineering Design (FEED) planned later this year. In parallel with the detailed engineering work, an Environmental and Social Impact Assessment study has been submitted to the National Technical Committee.

The submission of the Exploitation Plan coincides with the opening today of the MSGBC conference for the oil and gas industry in Dakar, Senegal.

In addition,Cairn revealed that Woodside Energy, one of the JV partners, has exercised its option to become operator of the SNE field. Work is already well underway to facilitate transfer of operatorship which is now subject only to government consent