Senegal JV Partners Receive 3-Year PSC Extension

FAR Ltd announced Friday that it, along with its joint venture partners, has received a presidential decree to extend a current Petroleum Sharing Contract (PSC) in Senegal by three years, starting from February 6, 2016.

The extension gives the joint venture more time to appraise the SNE and FAN oil discoveries made in Senegal in 2014. The first phase of the JV’s planned appraisal and exploration program has already begun and consists of three new wells - SNE-2, SNE-3 and BEL-1 – which are scheduled for completion by mid-2016.

FAR’s Senegal JV partners comprise Cairn Energy, ConocoPhillips and Petrosen. 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Staff Engineering Proficiency Position... (Jun 27)
 -  IOG Welcomes OGA North Sea Tight Gas P... (Jun 27)
 -  Wood Group Pens Deal Which Will 'Impro... (Jun 26)
 -  Empyrean Energy Kicks Off Aggressive E... (Jun 26)
 -  TRACE Secures INPEX Deal, Creates Jobs (Jun 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Land Specialist Job
Expertise: Energy / Commodity Trading|Landman
Location: Oklahoma City, OK
 
Contract Landman
Expertise: Landman
Location: Denver, CO
 
Project Manager
Expertise: Contracts Administration|Planner / Scheduler|Project Management
Location: Henderson, CO
 
search for more jobs

Brent Crude Oil : $45.83/BBL 0.63%
Light Crude Oil : $43.38/BBL 0.86%
Natural Gas : $3.03/MMBtu 3.44%
Updated in last 24 hours