Cairn reports second oil discovery offshore Senegal

Cairn Energy

Cairn Energy has announced the discovery of high-quality oil in the second well in the Senegal exploration program.

The SNE-1 well is in 1,100 meters (m) water depth and 100 kilometers (km) offshore in the Sangomar Offshore block with a target depth of 3,000 m and targeting the Shelf Edge Prospect.

Intermediate logging of the SNE-1 well has confirmed hydrocarbons in the Cretaceous clastics objective which is of similar age to oil bearing sands found 24 km away in FAN-1.  

As operator, Cairn has now issued notices of discovery for the SNE-1 well and FAN-1 well to the government of Senegal on behalf of the joint venture.

Further evaluation of this zone is continuing. The deeper target of karstified and fractured Lower Cretaceous shelf carbonates is yet to be reached. A further announcement will be issued once operations are completed on SNE-1.

The results of the FAN-1 well and the final analysis from the SNE-1 well will be used to decide optimal follow up locations to determine the extent of the hydrocarbon accumulations and additional activity which is targeted for 2015 onward. ​

Cairn has a 40% working interest (WI) in three blocks offshore Senegal (Sangomar Deep, Sangomar Offshore and Rufisque); ConocoPhillips has 35% WI; FAR Ltd., 15% WI; and Petrosen, the national oil company of Senegal, 10%. The three blocks cover 7,490 square kilometers.

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