First-phase SNE oil project offshore Senegal to target 240 MMbbl
Cairn Energy says the partners in the deepwater SNE oil field offshore Senegal are close to concluding appraisal and concept select definition for a first-phase development.
They hope to have secured government approval for their exploitation plan by the end of this year and are targeting first oil in 2021-2023.
The plan will cover development of the entire SNE resource base, estimated at 563 MMbbl of oil.
Under the first phase, the partners expect to drill up to 25 wells, targeting around 240 MMbbl, mainly from the S500 lower reservoir with an initial target plateau range of 75-125,000 b/d.
Elsewhere, Cairn expects exploration drilling to start next year on its two licenses in the Sureste basin offshore Mexico. Both were awarded last year – one is operated, the other non-operated.
Across the waters of northwest Europe, the company expects to participate in up to 10 exploratory wells this year, targeting up to 1.5 Bboe from a variety of play types, including the Barents Sea.
Operator Wintershall should submit its development plans for the Nova (ex-Skarfjell) field in the northeast of the Norwegian North Sea before mid-year.
Cairn, which has a 20%, anticipates first oil in 2021 and plateau production later on of 50,000 b/d.
Development calls for two subsea templates tied back to the ENGIE-operated Gjøa platform for processing and export. Gjøa will also provide lift gas to the field and water injection for pressure support.