FAR Limited Company News

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FAR in Default on Senegal Project
Thursday, June 25, 2020On top of the default announcement, FAR also revealed more job losses and executive pay cuts.

FAR: SNE 5 Appraisal Well Spuds Offshore Senegal
Monday, January 23, 2017FAR Limited announces that the drilling of the SNE-5 appraisal well, offshore Senegal, began Jan. 21.

FAR Refutes Claims that it cannot Farm Into Djiffere Block
Thursday, December 01, 2016FAR Limited refutes claims that it cannot exercise its option to farm into the Djiffere block offshore Senegal because of a lack of funds.

Two Appraisal Wells to be Drilled at SNE Field in 2017
Friday, November 25, 2016FAR Ltd and its Senegal joint venture partners have agreed to drill 2 appraisal wells on the SNE oil field.

ConocoPhillips Confirms FAR Holds Pre-Emption Right for Senegal Project
Tuesday, August 23, 2016ConocoPhillips confirms that Australia's FAR holds a right of pre-emption over the former's sale of its stake in Senegal to Woodside for up to $430 million.

Cairn Spuds SNE-4 Well Offshore Senegal
Monday, April 18, 2016The SNE-4 well, offshore Senegal, has been spud by Cairn Energy plc, according to the company's joint venture partner, FAR Limited.

Australia's FAR Raises $45.3M to Fund Offshore Senegal Oil Project
Friday, April 15, 2016Australia's FAR raises $45.3 million to fund its offshore Senegal oil project.

Cairn Spuds BEL-1 well in Senegal
Tuesday, March 15, 2016Cairn Energy spuds the BEL-1 well in Senegal, following the successful drilling of the SNE-2 and SNE-3 appraisal wells.

Resource Upgrade at SNE Discovery Following Independent Report
Monday, February 08, 2016Best estimate 2C contingent resources at Cairn's SNE oil discovery increase by 42% to 468 million barrels of oil.

Kosmos Energy Makes 'Significant' Gas Find Offshore Senegal
Wednesday, January 27, 2016The Guembeul-1 exploration well, located in the northern part of the St. Louis offshore profond license area in Senegal, has made a "significant" gas discovery.

SNE Appraisal Program Offshore Senegal Continues with SNE-3 Drilling
Tuesday, January 19, 2016Drilling operations at the second appraisal well on the SNE oilfield have begun, following the completion of SNE's first appraisal well, SNE-2.

FAR Updates on Drilling at SNE-2 Appraisal Well Offshore Senegal
Thursday, December 10, 2015Far Energy provides an update on drilling at SNE-2 appraisal well in the SNE oil field offshore Senegal.

Senegal JV Partners Receive 3-Year PSC Extension
Friday, November 27, 2015FAR Ltd, along with its joint venture partners, receives a presidential decree to extend a current Petroleum Sharing Contract (PSC) in Senegal by three years, starting from February 6, 2016.

Ocean Rig Athena Mobilizing for Appraisal Drilling at SNE Field Off Senegal
Monday, October 19, 2015Australia's FAR Ltd. says the Ocean Rig Athena drillship is mobilizing to drill three appraisal wells at the SNE field offshore Senegal in late October.

Ocean Rig Athena Drillship to Mobilize for Senegal Drilling Program Shortly
Wednesday, October 14, 2015FAR Ltd. expects the Ocean Rig Athena drillship to mobilize to Senegal for an offshore drilling program shortly.

FAR in Farm-in Option Agreement for Senegal Offshore Block
Thursday, September 24, 2015FAR Limited enters into a farm-in option agreement with a subsidiary of Trace Atlantic Oil Ltd for the Djiffere block offshore Senegal.

FAR Commences Senegal 3D Seismic Survey with JV Partners
Thursday, September 17, 2015FAR commences a new 3D seismic survey, with its joint venture partners, over the Sangomar Deep, Sangomar and Rufisque permits, located offshore Senegal.

FAR Raises Funds for Senegal Drilling Program
Monday, October 20, 2014FAR secures funds to advance a drilling program offshore Senegal in West Africa after raising $41 million through a share placement.

Transocean's Cajun Express Semisub Moves to Drill SNE-1 Well Off Senegal
Wednesday, May 07, 2014FAR reports that Transocean's Cajun Express semisub has moved from the FAN-1 well to drill the SNE-1 well offshore Senegal.

FAR Reports Prospective Resources of 447 MMboe at 2 Permits in WA
Wednesday, March 12, 2014FAR reports that a geotechnical evaluation of WA-457-P and WA-459-P permits in Western Australia indicated total prospective resources of 447 million barrels of oil equivalent net to the firm.

FAR Gets Government Nod to Farm-out Stake to Milio in Kenya Block L6
Monday, February 17, 2014FAR receives government approval for Milio International to farm in to Block L6 in Kenya's Lamu basin.

FAR Completes Joint Venture Negotiations for Kenya's Offshore Block 9
Monday, September 09, 2013FAR Limited completes negotiations on joint venture agreements with Ophir Energy for exploration permit Block 9 offshore Kenya.