Partners submit SNE development plan

Cairn Energy and its partners have submitted the development and exploitation plan for the deepwater SNE field to the government of Senegal.

Offshore staff

EDINBURGH, UK– Cairn Energy and its partners have submitted the development and exploitation plan for the deepwater SNE field to the government of Senegal.

Approval is targeted for later this year.

In addition, the joint venture partner Woodside Energy (Senegal) B.V. has exercised its option to become operator of the SNE field development. Work is already under way to facilitate transfer of operatorship which is now subject only to government consent.

The development and exploitation plan outlines the full multi-phase development of oil and gas. The field will be developed in a series of phases with plans for ~500 MMbbl of oil and gross production of 100,000 b/d. First oil is targeted in 2022.

Following the establishment of oil production, commercial gas sales to Senegal are expected to commence.

Thetender responses for the FPSO facility and supporting subsea infrastructure have been received and are under evaluation and short-listing ahead of front-end engineering design planned later this year. In parallel with the detailed engineering work, an environmental and social impact assessment study has been submitted to the National Technical Committee.

The joint venture comprises Cairn as current operator with a 40% working interest (WI) alongside partners Woodside 35%, FAR Ltd. 15%, and the Senegal national oil company, Petrosen 10%. Petrosen has the right to increase its equity to 18% on development.

10/25/2018

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