FAR Provides Senegal Drilling

Source: www.gulfoilandgas.com 6/10/2014, Location: Africa

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.

For more information about related Opportunities and Key Players visit West Africa Projects


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