Cairn Energy Finds Oil At Senegal SNE-4 Well
May 19 2016 - 2:53AM
Dow Jones News
By Alex MacDonald
LONDON--U.K.-listed oil and gas firm Cairn Energy PLC(CNE.LN)
said Thursday it has successfully drilled its fourth well this year
at the SNE discovery in Senegal.
The well, SNE-4, encountered 100 meters of oil-bearing sands
similar to SNE-1, SNE-2, SNE-3 and BEL-1 wells. It also confirmed
the extension of reservoirs in the eastern extent of the SNE field
and confirmed oil-bearing upper reservoir sands of similar quality
to those encountered as gas-bearing elsewhere in the field.
The SNE-4 well is the joint venture's sixth well offshore
Senegal and the fourth completed this year as part of a multi-well
evaluation program to help delineate the shape of the structure of
the field.
Cairn has a 40% stake in the SNE prospect, which is composed of
three blocks offshore Senegal: Sangomar Deep, Sangomar Offshore and
Rufisque. ConocoPhillips (COP) has 35% stake, FAR Ltd 15% stake and
PETROSEN, the national oil company of Senegal, has a 10% stake.
-Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
May 19, 2016 02:38 ET (06:38 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Capricorn Energy (PK) (USOTC:CRNCY)
Historical Stock Chart
From Jul 2024 to Aug 2024
Capricorn Energy (PK) (USOTC:CRNCY)
Historical Stock Chart
From Aug 2023 to Aug 2024
