senegal update from operator cairn

From the Cairn Energy Interim Management Statement just released.......


15 May 2014

Senegal

Cairn’s planned two well exploration programme offshore Senegal began in April using the ‘Cajun Express,’ a 5th generation semi-submersible drilling unit.

Operations continue on the FAN-1 well, located on the North Fan Prospect in 1,427m water depth in the Sangomar Deep block approximately 100km offshore Senegal. This well is targeting multiple stacked deepwater fans.

In light of required rig maintenance and to optimise the rig schedule, the top hole section has also been drilled on the second exploration well SNE-1, located on the Shelf Edge Prospect in 1,100m of water. The rig has returned to FAN-1 to continue drilling the deeper sections. After drilling operations on FAN-1 are complete the rig will then return to the SNE-1 location.

Cairn (Operator) has a 40% WI in the three blocks offshore Senegal (Sangomar Deep, Sangomar Offshore, Rufisque Offshore) and is working with JV partners: ConocoPhillips 35% WI; FAR Ltd 15% WI and Petrosen, the Senegal National Oil Company, retaining a 10% WI in the exploration phase. In the event of a commercial success, ConocoPhillips will have the option to operate the future development of the resource.


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