26 C
City of Banjul
Tuesday, October 27, 2020

Senegal to drill oil wells

- Advertisement -

The company, whose projects stretch from Greenland to Senegal but does not have any producing assets, said it had reduced headcount across its full-time employees and contractors by 40 percent to cut costs. 

- Advertisement -

Chief Executive Officer Simon Thomson said: “The large acreage position in Senegal offers material near-term growth potential with numerous follow-on prospects identified. The joint venture is well-positioned to benefit from the current reduction in industry costs.”

The Edinburgh-based oil explorer has been active in the West African country since last year after making a series of oil discoveries. In October, Cairn together with its joint venture partners announced discovery of oil at  the FAN-1 exploration well, offshore Senegal. The well, located in 1,427 metres (m) water depth and approximately 100 kilometres offshore in the Sangomar deep block, has reached a target depth of 4,927 m and was targeting multiple stacked deepwater fans. Also, in November, Cairn announced a discovery of high quality oil in the second well in the Senegal exploration programme. The SNE-1 well is located in 1,100 metres (m) water depth and approximately 100 kilometres (km) offshore in the Sangomar offshore block with a target depth of 3,000 m and targeting the Shelf Edge Prospect.


- Advertisement -
Join The Conversation
- Advertisment -

Latest Stories

momodou badjie

The National Security Adviser, Rtd. Colonel Momodou Badjie

Mr. Chairman and Government Spokesperson, Ebrima G, Sankareh, Honourable Ministers of Defence, Sheikh Omar Faye, Interior, Yankuba Sonko and Information, Ebrima Sillah, Ladies and Gentlemen...
omar sarr

The dead are not dead

- Advertisment -