MELBOURNE, Australia – FAR Ltd (ASX: FAR) reports that drilling has resumed on the FAN-1 well offshore Senegal, following a modification to the Senegal drilling program to incorporate maintenance. The fifth-generation, semisubmersible drilling rig Cajun Express is currently drilling the FAN-1 well.
FAR holds 15% and is in a joint venture withCairn (40%), operator ConocoPhillips (35%), and Petrosen (10%). Drilling to date on FAN-1 has reached a depth of 3,000 m (9,843 ft). The well is planned to reach 5,300 m (17,388 ft).
The second Senegal well, SNE-1, is currently suspended, with drilling to resume on completion of the FAN-1 well. SNE-1 has been drilled to 1,900 m (6,234 ft) and targets a TD of 3,300 m (10,827 ft).
“These two wells offshore Senegal have the potential to radically alter the prevailing international view of the hydrocarbon potential of Senegal, where no offshore wells have been drilled for more than 20 years,” comments Cath Norman, FAR managing director. “The two-well program in the Atlantic margin is being closely monitored by many international oil and gas players because of the large prospect sizes being drilled and the potential for numerous nearby follow-up targets in the event of success.”