By Razak Musah Baba
LONDON--Cairn Energy PLC (CNE.LN) and its joint venture partners
have submitted a three-year evaluation work plan to the government
of Senegal to lay the foundation for a long-term, multi-field,
multi phase exploitation plan.
Cairn Energy said Monday that the work plan includes an initial
program of three firm and three optional exploration and appraisal
wells, with drilling starting in the fourth quarter of 2015 in
Cairn's new basin play offshore Senegal, focused on the acreage
around the SNE-1 discovery well.
Cairn, an independent oil and gas exploration company, made two
significant discoveries offshore Senegal in 2014 proving a
hydrocarbon system in a new and emerging Atlantic Margin Basin.
The JV consists of Cairn as operator, with a 40% working
interest; ConocoPhillips, with a 35% working interest; FAR Ltd.,
with 15%; and Petrosen, with a 10% working interest.
Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
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