FAR Limited (FAR) and the Senegal Joint Venture are drilling the FAN South-1 exploration well into the Southern FAN prospect in the first pure exploration well to be drilled offshore Senegal since the discovery wells of FAN-1 and SNE-1 in 2014.
FAN South-1 will be the next well to be drilled in the current Senegal drilling campaign and will be drilling into the South Fan prospect. FAN South-1 is the first well drilled into the Basin play since the initial FAN-1 discovery well in 2014. The well will assess the upside potential for improved reservoir presence and quality in the basin. FAR assesses the FAN South prospect to contain 134 mmbbls of recoverable oil on a best estimate basis, with an 18% chance of success (refer ASX release 7 February 2017).
The South Fan prospect consists of several stacked reservoir targets. The well will be drilled to an estimated Total Depth (TD) of 5,317 metres in a water depth of 2,139 metres. The firm well plan for FAN South-1 includes logging programs prior to the well being plugged and abandoned.
FAN South-1 will be drilled on completion of the SNE-6 appraisal well which has now reached Total Depth and operations including wireline logging, collection of samples and drill stem testing are underway. SNE-6 has been drilled ahead of planned timing.
Managing Director, Cath Norman said, “It is great to be back drilling a pure exploration target offshore Senegal, and the first well in the basin play since our original FAN-1 discovery. We are drilling in a part of the basin where we expect to encounter improved reservoir presence and quality and gain valuable information in understanding the substantial potential of the large deep water basin area.
With drilling continuing to progress ahead of schedule, without incident and safely, we look forward to bringing further news of the planned interference test in SNE-6 in the coming weeks.”
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