Cairn eyes FPSO for Senegal find, (http://www.upstreamonline.com/live/1396860/cairn-eyes-fpso-for-senegal-find)
Cairn Energy is favouring a floating production, storage and offloading unit to develop at least one of two oil discoveries it made off Senegal last year, according to a drilling partner. The UK independent is planning a fresh drilling programme off the West African country to begin in the fourth quarter, with appraisal and exploration wells in the offing, according to Australian junior Far Ltd. Cairn struck oil at both the Fan-1 and SNE-1 deep-water wildcats on the Sangomar Deep licence last year. Far said a first phase work programme to evaluate the discoveries will include two appraisal wells on SNE-1, with at least one exploration well likely to assess the Shelf prospect. With SNE-1 - which had targetted the Shelf Edge prospect and which struck 36 metres of net oil pay witha gas cap - being the most attractive find, this will be the focus of the upcoming drilling campaign. However, the partners - which include US giant ConocoPhillips - will also further evaluate Fan-1 and conduct a new round of seismic over part of the contract area, including a portion of the Sangomar and Rufisque blocks. Far has estimated the total cost of the upcoming drilling programme to be $150 million.