More oil and gas discovered in Senegal

More oil and gas discovered in Senegal

Oil and gas success continues to boom Senegal’s economy with more discoveries made by explorers this week in the Western African nation.

So far, at least five oil and gas wells have been discovered and companies in Dakar are expanding their development plans to have them drilled.

The new discovery has been made just north of the flagship SNE oil field Australian energy company FAR Ltd. and British company Cairn Energy.

The oil explorer said that it had discovered oil and gas in its main target area and in a secondary reservoir in a deeper part of the well.

“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,” said Cath Norman, FAR Managing Director.

“An update on resources and the SNE development plans will be provided at our interim results later this month,” Cairn Energy CEO Simon Thomson said.

Latest probe hits oil that appears to be in a separate accumulation to the previously discovered SNE field.

Cairn explained that the result has positive implications for the further potential in the area to the north of the original SNE discovery, as the structural trend continues into the area.

The well was drilled in water depth of 900 meters, in the Sangomar Deep Offshore block some 90 kilometers offshore. It was drilled down to a total depth of 2,837 meters.

Work was now taking place to assess the commercial implications of the additional discovery. The discovery is described as being a slightly lighter oil type than had been found in other sections of SNE field.

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