By Alex MacDonald
LONDON--U.K.-listed oil firm Cairn Energy PLC (CNE.LN) said
Tuesday that it has discovered oil at its offshore FAN-1
exploration well in Senegal.
As previously stated, there are no plans for immediate well
testing but the company and its joint venture partners will carry
out further evaluation with a 3D seismic survey to determine
further plans to map out the extent of the resource.
Once operations are completed on the FAN-1 well, the rig will
move to complete the second well, SNE-1.
Cairn has a 40% working interest in three blocks offshore
Senegal: Sangomar Deep, Sangomar Offshore and Rusifique.
ConocoPhillips (COP) has 35% interest, FAR Ltd. has a 15% interest,
and Petrosen, Senegal's national oil company has a 10% interest in
the three blocks.
Work is underway with the joint venture partners to determine
follow up activity which is targeted for 2015 onwards, Simon
Thomson, chief executive of Cairn Energy PLC, said.
Write to Alex MacDonald at alex.macdonald@wsj.com
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