Cairn plans more wells on deepwater Senegal oil play

Cairn Energy has issued an update on its offshore exploration and development programs.

Offshore staff

EDINBURGH, UKCairn Energy has issued an update on its offshore exploration and development programs.

Last year, the company drilled two oil discoveries in deepwater offshoreSenegal. FAN-1 encountered high quality, light crude in multiple stacked deepwater fans, while SNE-1 proved oil in the upper clastic target of the Shelf Edge prospect.

ERC Equipoise estimates contingent P50 resource for SNE-1 at 330 MMbbl recoverable, and in-place oil for FAN-1 at 950 MMbbl.

The partners are drawing up a follow-up program this year of three firm and three optional exploration and appraisal wells.

East of Shetland in the UK northern North Sea, the 25-well development drilling campaign is due to start mid-year on the EnQuest-operatedKraken heavy-oil project.

Construction of the 80,000 b/d FPSO continues in Singapore and fabrication has started of the main process modules.Cairn anticipates first oil in 2016/17.

In the Norwegian North Sea, the company will participate in a Wintershall-operated exploratory well this spring on the Crossbill prospect.

However, Cairn’s planned appraisal/exploration well on license FEL 2/04 offshore western Ireland this summer has been deferred pending discussions with the partners and the government.

In Spain, Cairn has applied for acreage offshore the Gulf of Lion and the Bay of Biscay.

03/10/2015

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