FAR Selects Site For Offshore Gambia Exploratory Test
Drilling Activity Details
Drilling Activity Summary
Description
FAR Ltd. has selected its drillsite for the offshore exploration well #1-Samo its operated Block A2 in the Atlantic. The prospect lies immediately to the south and along trend from the SNE oilfield in Senegal in the highly prospective Mauritania-Senegal-Guinea-Bissau-Conakry (MSGBC) Basin. Area water depth is 1,017 m and it will be the first well drilled offshore Gambia since the late 1970s. The Samo Prospect has two main targets, an upper reservoir interval which contained liquid-rich gas at SNE and a lower reservoir interval which was oil-bearing at SNE. The two target reservoir intervals are assessed to have a combined prospective resource of 825 MMbbl of oil (best estimate, unrisked). FAR operates the A2 Block and #1-Samo with 40% interest in partnership with Petroliam Nasional, with 40% via farm-in, and Erin Energy holding the remaining 20%. FAR is based in Melbourne, Australia.
FAR Ltd. has selected its drillsite for the offshore exploration well #1-Samo its operated Block A2 in the Atlantic. The prospect lies immediately to the south and along trend from the SNE oilfield in Senegal in the highly prospective Mauritania-Senegal-Guinea-Bissau-Conakry (MSGBC) Basin. Area water depth is 1,017 m and it will be the first well drilled offshore Gambia since the late 1970s. The Samo Prospect has two main targets, an upper reservoir interval which contained liquid-rich gas at SNE and a lower reservoir interval which was oil-bearing at SNE. The two target reservoir intervals are assessed to have a combined prospective resource of 825 MMbbl of oil (best estimate, unrisked). FAR operates the A2 Block and #1-Samo with 40% interest in partnership with Petroliam Nasional, with 40% via farm-in, and Erin Energy holding the remaining 20%. FAR is based in Melbourne, Australia.