Cairn Makes Second Senegal Find
Cairn has made a discovery of high quality oil in the second well in the Senegal exploration programme. The SNE-1 well is located in 1,100 metres (m) water depth and approximately 100 kilometres (km) offshore in the Sangomar Offshore block with a target depth of ~3,000 m and targeting the Shelf Edge Prospect. Intermediate logging of the SNE-1 well has confirmed hydrocarbons in the Cretaceous clastics objective which is of similar age to oil bearing sands found approximately 24 km away in FAN-1. As operator, Cairn has now issued Notices of Discovery for the SNE-1 well and FAN-1 well to the Government of Senegal on behalf of the Joint Venture. Further evaluation of this zone is continuing. The deeper target of karstified and fractured Lower Cretaceous shelf carbonates is yet to be reached.
Cairn's JV Discovers Oil Offshore Senegal
Cairn together with its joint venture partners have announced that the FAN-1 exploration well, offshore Senegal, has discovered oil. The well, located in 1,427 metres (m) water depth and approximately 100 kilometres offshore in the Sangomar Deep block, has reached a Target Depth (TD) of 4,927 m and was targeting multiple stacked deepwater fans. As stated prior to the commencement of operations there are no plans for immediate well testing. Further evaluation will now be required to calibrate the well with the existing 3D seismic in order to determine future plans and optimal follow up locations to determine the extent of the discovered resource.
Update on the Deep Discovery at BNG
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, has given an update about the market with news of the deep discovery at its flagship BNG asset. The BNG Contract Area is located in the west of Kazakhstan 40 kilometres southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 1,561 square kilometres of which 1,376 square kilometres has 3D seismic coverage acquired in 2009 and 2010. Roxi has a 58.41 per cent interest in the BNG Contract Area. On 19 August 2014 Roxi announced that the thickness of the gross oil-bearing interval commencing at 4,332 meters was at least 51 meters and that Roxi would continue to determine the full extent of the interval by drilling and logging rather than taking additional core samples.
