Kosmos Energy Makes 'Significant' Gas Find Offshore Senegal

At the end of 2014, Cairn – along with its joint venture partners ConocoPhillips, FAR Ltd. and Petrosen – made two separate oil discoveries in Senegal at the FAN-1 exploration well in the Sangomar Deep block and the SNE-1 well in the Sangomar Offshore block. The two discoveries generated widespread excitement across the oil and gas community and ignited a string of exploration activity across the West African country.

As part of an ongoing evaluation strategy to assess the SNE field, the joint venture recently commenced drilling operations at the SNE-3 well and plans are in place to spud the BEL-1 well by 2Q 2016. SNE-3 will test the southern extent of the field and BEL-1 well will initially test the Bellatrix prospect before evaluating the northern part of SNE. The JV also has a program and budget outline for three further optional wells in Senegal for 2016/2017. T5 Oil & Gas could also potentially drill a well in Senegal this year, considering the first exploration period on its 90 percent owned onshore Louga Block lapses in July 2016. This demands the acquisition of 683 miles of 2D seismic and the drilling of one exploration well to 9,842 feet.

Venturing slightly further south, Oryx Petroleum is planning exploration activity in the AGC Shallow and AGC Central blocks this year, which are joint petroleum exploitation zones established by Senegal and Guinea-Bissau. Oryx, which is the operator of the blocks, has identified three structures in AGC Shallow, of which two are drill-ready prospects, and plans to drill an exploration well in 2016, according to Edison Investment Research Limited. Edison also outlined that Oryx has found shelf-edge plays similar to SNE on seismic data in the deepwater AGC Central block, and stated that Oryx expects to acquire new seismic data in the region in 2016.


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