Cairn Energy Hits Oil at SNE-4 Appraisal Well

Cairn Energy plc announced Thursday that it has encountered a gross oil column of 328 feet at the SNE-4 appraisal well offshore Senegal.

Part of an appraisal campaign over the SNE field discovered in 2014, SNE-4 confirmed the correlation and presence of principal reservoir units between each of the wells across the whole SNE field. Oil recovered to surface was similar 32° API oil as seen elsewhere on SNE, according to initial indications.

“We have now drilled four successful appraisal wells in Senegal and we are delighted with the results to date of the multi-well evaluation program, which has confirmed the scale and potential of this world class asset,” said Cairn Energy Chief Executive Simon Thomson.

“Operations in Senegal have been safely conducted and are ahead of schedule and substantially under budget. We have gathered a very large volume of data from operations to date and we look forward to progressing our long-term, multi-field, multi-phase exploitation plan to maximize value in Senegal. We see clear potential to access additional cost savings from the current lower operating environment in respect of planned future activity,” he added.



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
 -  Baron Oil, SundaGas Form JV to Explore... (Sep 26)
 -  Aminex Secures Rig to Drill Ntorya-2 W... (Sep 26)
 -  Aker Solutions Lets Employees Buy Comp... (Sep 26)
 -  Lamprell Secures Services Contract wit... (Sep 26)
 -  Swire Oilfield Services Appoints New C... (Sep 26)


Most Popular Articles

From the Career Center
Jobs that may interest you
CDL DRIVER - Make over $70,000 per year!
Expertise: Floorhand / Roughneck
Location: Oklahoma, OK
 
Senior GIS Analyst
Expertise: Cartography / Mapping|Geologist|Geoscientist
Location: Houston, TX
 
Floorhand
Expertise: Floorhand / Roughneck
Location: Midland, TX
 
search for more jobs

Brent Crude Oil : $47.35/BBL 3.18%
Light Crude Oil : $45.93/BBL 3.25%
Natural Gas : $2.99/MMBtu 1.01%
Updated in last 24 hours