FAR Updates on Drilling at SNE-2 Appraisal Well Offshore Senegal

Australia's FAR Ltd. provided Thursday an update on drilling at the SNE-2 appraisal well in the SNE oil field offshore Senegal.

Drilling Program

The first SNE oil field appraisal well SNE-2 began drilling in the Senegal Sangomar Deep Offshore Block Nov. 4 and it reached its planned total depth of 9,268 feet (2,825 meters) TVD (total vertical depth) Dec. 3.

Coring and wire line logging operations have been completed. Preliminary data which has confirmed the SNE-1 discovery and are in line with pre-drill expectations. Preparations to test the well are currently in progress (drill stem tests).

3D Seismic Program

FAR has also been advised by the Operator that the acquisition of the seismic survey over the Sangomar and Rufisque blocks has been completed and the Polarcus Adira seismic vessel has been demobilized. Final processed products from the survey are due to be delivered in 3Q 2106.

Senegal JV partners: Cairn Energy plc (Operator) 40 percent, ConocoPhillips 35 percent, FAR 15 percent and Petrosen 10 percent.

FAR Managing Director Cath Norman said:

“We are very pleased with the SNE-2 well progress achieved to date by the Ocean Rig Athena (UDW drillship) and the drilling management team. Overall, SNE-2 has been drilled, cored and logged ahead of schedule and we are now looking forward to delivering results from the evaluation program.”

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