Drilling has commenced on the offshore exploration well, FAN-1, offshore Senegal in which FAR Ltd (ASX:FAR) holds a 15% interest (Cairn Energy PLC (“Cairn”) 40%, ConocoPhillips 35%, Petrosen 10%).
The well will test a stacked fan structure with the potential to contain approximately 900 million barrels of oil (mmbbls) with approximately 135mmbbls net to FAR*. (Reference: FAR ASX release of 27/2/2013).
The well will be drilled using the fifth generation rig, the Cajun Express, which arrived on site Saturday 12th April.
Drilling has commenced on the offshore exploration well, FAN-1,...
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