FAR identifies possible billion barrel prospect offshore West Africa

May 20, 2008
First Australian Resources (FAR) has identified a deepwater play with giant hydrocarbon potential in the Senegalese portion of the productive Mauritania-Senegal-Guinea Bissau-Conaky basin.

Offshore Staff

SUBIACO, Australia -- First Australian Resources (FAR) has identified a deepwater play with giant hydrocarbon potential in the Senegalese portion of the productive Mauritania-Senegal-Guinea Bissau-Conaky basin.

The Sangomar shallow and deep-Rufisque shallow offshore licenses cover an area of 14,981 sq km (5,784 sq mi) over the shelf, slope, and basin floor with multiple untested plays in a proven hydrocarbon system.

Processing of 3D seismic data acquired during 2007 over portion of its Sangomar shallow and deep- Rufisque shallow licenses, offshore Senegal, has highlighted multiple Santonian-age fan systems with stacked amplitude anomalies, avery large Albian to Neocomian shelf edge closure up to 178 sq km, and adjacent Turonian source rock kitchen in oil window. Detailed attribute analysis of the 3D data is ongoing in 2008.

Work by the joint venture has derived reservoir parameters that confirm a range of probabilistic oil in place estimates for a very large shelf edge closure and multiple fan systems.

05/20/2008