SNE6 Oil - 'Very Encouraging' Say Analysts

Cairn Flows Oil From SNE-6 Well, 'Very Encouraging' Say Analysts




Cairn Energy plc flows oil from the SNE-6 well offshore Senegal, in a development which was described as "very encouraging" by oil and gas analysts at GMP FirstEnergy.

Cairn Energy plc has flowed oil from the SNE-6 well offshore Senegal, in a development which was described as “very encouraging” by oil and gas analysts at GMP FirstEnergy.

The objective of the SNE-6 well, together with the previous successful SNE-5 well, was to flow oil from one of the principal units in the upper reservoirs and demonstrate connectivity between the two wells. Pressure data from SNE-6 immediately confirmed good connectivity with SNE-5, according to Cairn Energy.

The SNE-6 well flow tested between 3,700 and 4,600 barrels of oil per day (bopd) from an 11 meter interval and between 4,700 and 5,400 bopd from a 12 meter zone.

“This is our ninth successful well in Senegal in three years. The results from this latest well together with SNE-5 and VR-1 provide essential data as we move towards submitting a development plan for the SNE field to the Government of Senegal in 2018,” Simon Thomson, Cairn Energy chief executive, said in a company statement.

“Operations now move to FAN SOUTH as we continue to test significant further prospectivity in the extensive acreage position,” he added.