FAR 0.00% 52.0¢ far limited

SNE 2C-563 mmbbls

  1. Ya
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    From Cairn's HY

    Senegal
    • Joint Venture (JV) planning underway for phased development of SNE field, Cairn targeting production rates of 75,000-125,000 barrels of oil per day (bopd) with first oil planned 2021-2023
    • Updated overall SNE 2C oil resource base of ~563 million barrels of oil (mmbbls)*, with additional recoverable gas resources of more than 1 trillion cubic feet (TcF)
    • Cairn estimates up to 25 wells planned in initial development phase, targeting ~240 mmbbls principally in S500 lower reservoir
    • Subsequent development phases to target resource base in S400 upper reservoir
    • Engagement with major FPSO and subsea contractors commenced prior to formal tendering process later this year
    • Targeting Evaluation Report and Exploitation Plan submission to Government of Senegal in 2018 for Final Investment Decision (FID) before end of 2018
    • Evaluation of potential further exploration opportunities underway, including in the shallower water Rufisque block
 
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