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Monday, March 27, 2017
Drilling operations on the VR-1 well offshore Senegal have reached a depth of 2,759 meters. FAR Ltd., one of the JV partners on the well, reported that wireline logging and sampling through the SNE section are complete and preparations are underway for deepening the well into the Aptian carbonate objectives below the SNE field.
FAR said that its evaluation of the well results show that the reservoir units are in oil as prognosed. The lower, 500 series 520 reservoir (16meter in oil), a key reservoir to the phase 1 development of the SNE field, exhibited excellent reservoir properties, superior to all other reservoirs sampled in the SNE field to date.
Along with other appraisal wells, the well confirmed a 97-meter gross oil column with greater than expected net pay and thickest net pay of all appraisal wells drilled to date.
FAR anticipates that the results of the VR-1 well, together with the recent SNE-5 results will lead to a revision of contingent resource estimate for the SNE field and have an impact on design of the development plan in the coming months.
The VR-1 well is the eighth successful well to be drilled offshore Senegal since drilling commenced in 2014. Currently the well is four days ahead of budget reflecting similar efficiencies experienced at the SNE-5 well.
The VR-1 well is being drilled to appraise the lower and upper reservoir units in the western part of the SNE field. The VR-1 well will also assess the potential for additional reservoir units within the upper reservoirs in the western part of the SNE field. In addition, the VR-1 well will examine deeper Aptian carbonate exploration targets under the SNE field.
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