BackCairn Energy discovers oil offshore Senegal
The firm and its JV partners encountered 29 metres of net oil bearing reservoir at FAN-1 well, around 100km off the coast
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London: Oil explorer Cairn Energy Plc. and its joint venture partners have discovered oil at a well offshore Senegal and further exploration work nearby is already planned, the company said on Tuesday.
The companies encountered 29 metres (m) of net oil bearing reservoir at the FAN-1 well, located around 100km off the coastline and 1,427m deep.
“We have encountered a very substantial oil bearing interval which may have significant potential as a stand-alone discovery," said Cairn Energy chief executive Simon Thomson.
Cairn Energy has a 40% interest in three offshore blocks in Senegal, while ConocoPhillips has 35%, FAR Ltd 15% and Senegal’s national oil company Petrosen owns 10%. Reuters
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