A LITTLE MORE OF THE SAME.....FAR Starts Drilling Campaign Offshore Gambia
by Bojan Lepic|Rigzone Staff|Monday, November 15, 2021FAR Limited has started drilling the Bambo-1 exploration well in Block A2, offshore The Gambia.
Australia’s FAR Limited has started drilling the Bambo-1 exploration well in Block A2, offshore The Gambia.
FAR said that the Stena IceMax drillship arrived on site on November 12 and spudded the well after completing preparations.
The Bambo-1 well is located some 50 miles offshore The Gambia, in 3,050 feet of water, and is planned to be drilled to a depth of approximately 11,155 feet. The drilling campaign is expected to take around 30 days.
To remind, FAR signed a contract for the Stena IceMax – a Stena Drilling-owned rig – to drill Bambo-1 back in June. If successful, this could lead to the country’s first oil production.
The well is designed to drill into a series of vertically stacked targets with a combined estimated recoverable, prospective resource of 1.1 billion barrels and FAR calculates the chance of geological success for the various horizons to range from 7 to 36 percent.
FAR stated that the targets during drilling are Bambo (S390 & S400) – two shallower horizons not previously intersected; Soloo (S410 & S440) – the extension of the hydrocarbon-bearing reservoirs in the adjacent Sangomar oil field offshore Senegal; and Soloo Deep (S552 & S562) – which is expected to provide two additional horizons, also not previously penetrated with a lower chance of success but higher potential volumes.
It is worth noting that further exploration and appraisal by FAR is required to determine the existence of a significant quantity of potentially moveable hydrocarbons.
“We are very excited to be drilling offshore The Gambia again and I thank our co-venturer Petronas and the Government of The Gambia for their support during a challenging period of uncertainty and delays.
“We’re looking forward to working safely and efficiently with our trusted partners at Exceed and Stena. The well will be run as a tight well, and we look forward to announcing drilling results at the appropriate time,” FAR’s Managing Director Cath Norman said.
FAR is the operator and has a 50 percent interest in the A2 and A5 blocks. Its joint venture partner PC Gambia, a subsidiary of Petronas, holds the remaining 50 percent.
To contact the author, email [email protected]
- Forums
- ASX - By Stock
- We’ve spudded
A LITTLE MORE OF THE SAME.....FAR Starts Drilling Campaign...
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
43.0¢ |
Change
-0.005(1.15%) |
Mkt cap ! $39.73M |
Open | High | Low | Value | Volume |
43.5¢ | 44.0¢ | 43.0¢ | $266.1K | 610.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 57704 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 60000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 57704 | 0.430 |
1 | 50000 | 0.425 |
2 | 79261 | 0.420 |
2 | 58724 | 0.415 |
2 | 48894 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 40000 | 2 |
0.445 | 39809 | 1 |
0.450 | 188349 | 9 |
0.460 | 1260 | 1 |
0.475 | 15383 | 1 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
Last
43.5¢ |
  |
Change
-0.005 ( 1.14 %) |
|||
Open | High | Low | Volume | ||
43.5¢ | 44.0¢ | 43.5¢ | 196207 | ||
Last updated 11.49am 06/05/2024 ? |
Featured News
FAR (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, CEO
Steven Gourlay
CEO
Previous Video
Next Video
SPONSORED BY The Market Online