Significant oil discovery offshore Senegal

FAR Ltd has made a second significant oil discovery offshore Senegal in West Africa, in the SNE-1 well.

The SNE-1 well has discovered a 95 m gross oil-bearing column with net oil pay zone thickness of 36 m in Albian aged sandstones, which display excellent reservoir potential. High quality 32° API oil has been recovered to the surface.

The SNE-1 well is located in 1100 m water depth, approximately 100 km offshore in the Sangomar block with a target total depth of approximately 3000 m.

Comments

FAR Managing Director, Cath Norman, commented: “This is another very significant oil find for FAR and Senegal. Based on preliminary estimates it is highly likely to be a commercial discovery.

“The SNE-1 discovery is a company making event for FAR following our earlier oil discovery in the FAN-1 well. The SNE-1 discovery has potential to lead to a large stand-alone development and is an important step forward in establishing an entirely new petroleum province, which would be transformational for Senegal.

“It is incredible that FAR has made two very important oil discoveries with its first two Senegal wells. We expect to resume drilling on the SNE-1 well shortly to evaluate the deeper Aptian carbonate objective.

“The FAN-1 well intersected a significant gross 500 m oil-bearing section which indicates the presence of a prolific oil generating province. The SNE-1 well proves hydrocarbons have migrated up onto the shelf area, which bodes well for the extensive suite of prospects yet to be drilled in our Senegal blocks.

“FAR looks forward to working with the government of Senegal and our joint venture partners in finalising follow up appraisal and exploration drilling plans.”

Adapted from press release by Katie Woodward

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/10112014/far-discovers-oil-offshore-senegal-1774/