Cairn and its Joint Venture partners (Cairn Working Interest (WI) 40% and Operator, ConocoPhillips 35% WI, FAR
Ltd 15% WI and Petrosen, the Senegal National Oil Company, retaining a 10% WI in the exploration phase) have
modified the Senegal drilling programme in order to incorporate essential maintenance.
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 1,427m water depth in the Sangomar Deep block
approximately 100km 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 and AFE by Operator. 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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West Africa Projects