FAR analyzing 3D seismic data offshore Senegal, Western Australia
FAR has received processed seismic results over the Djiffere block offshore Senegal.
The company has an option agreement with Trace Atlantic Offshore to earn a 75% interest in the block, subject to approvals from the Senegalese government.
It expects to be ready to make a final decision once it has interpreted the processed data.
Offshore Western Australia, FAR participated in a speculative 3D seismic survey acquired in mid-2015 over 62% of the WA-458-P.
Final processed data has come through over the majority of the block, with planning under way to acquire new 3D seismic over the remainder.
FAR intends to farm-down its interest in the concession in order to focus on its activities offshore Senegal. In addition, it has submitted a relinquishment request to the regulator of WA-457-P.