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  • Far Limited: SNE North-1 exploration well discovers hydrocarbons offshore Senegal
    édité le 09/08/2017 - Plus de news de "FAR Limited" - Voir la fiche entreprise de "FAR Limited"

Far Limited: SNE North-1 exploration well discovers hydrocarbons offshore Senegal
FAR Limited announces another oil discovery offshore Senegal in the SNE North-1
exploration well drilled into the Sirius Prospect, to the north of the world class SNE oil field. The well discovered hydrocarbons at three separate intervals and a fourth zone may also be present.

These intervals include an oil and gas column in the S520 which is the high quality, lower reservoir in the SNE field. At the SNE North-1 location, the S520 is deeper than the SNE field oil-water-contact.

Samples of a consistent 35 degree API oil (lighter than that encountered in the SNE field), water and gas were recovered to surface. Work to determine the extent of the hydrocarbon accumulations is ongoing.

Additional work is being undertaken to establish the potential commerciality of this discovery and to integrate the results with the block wide data gathered to date. The well result has positive implications for further exploration potential to the north along the structural trend containing the SNE field.

The well is located in 900 metres (m) water depth, approximately 90 kilometres offshore in the Sangomar Deep Offshore block and 15km north of the SNE-1 discovery well. The well reached a Total Depth (TD) of 2,837m. Drilling operations on the well have again been safely and successfully completed ahead of schedule and under budget, following drilling and logging operations.

FAR’s preliminary analysis indicates:
- in excess of 24m of gross hydrocarbon column across at least three intervals
- in excess of 16m of net hydrocarbons in high quality reservoirs
- a lighter oil type of 35° API

After completing conventional logging, a series of tests were conducted across the reservoir section to further calibrate the geo-mechanical model of the SNE field to assist with the design of development wells.

This marks the end of the five well 2017 drilling campaign. SNE North-1 is being plugged and abandoned as planned, and the Stena DrillMAX rig will be released. The Joint Venture is reviewing the potential for further exploration drilling operations next year within the Rufisque, Sangomar and Sangomar Deep (RSSD) Production Sharing Contract (PSC) area.

FAR Managing Director, Cath Norman, said:
“The SNE North-1 discovery yet again verifies the quality of the oil and gas generating system in our offshore Senegal permits and is another significant result. It is the 11th successful well drilled into the RSSD permits and the fifth in this year’s campaign.

The SNE North-1 well results are very encouraging for the structural trend to the north of the SNE field and the broader exploration potential of our Senegal permit and our other blocks in the region.

The Operator is to be commended for delivering a safe and successful drilling programme in Senegal this year and we look forward to now progressing the SNE field development with our joint venture partners.

We look forward to providing our shareholders with an updated independently certified assessment of the SNE field contingent resources and development plans for the SNE field in the coming weeks”.

About FAR

FAR Limited (ASX:FAR) is an independent, Australian Securities Exchange listed (ASX: FAR), oil and gas explorer with high potential exploration and pre-appraisal assets in West and East Africa.

Origine : Communiqué FAR Limited

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