FAR Ltd have discovered oil samples in the FAN-1 exploration well being drilled offshore Senegal by FAR Ltd and its joint business partners Cairn Energy PLC, ConocoPhillips and the Senegalese national oil company Petrosen
Elevated gas and fluorescence were discovered in a shallow secondary target and the discovery of oil was verified by an intermediate logging program, FAR Ltd said.
According to the operator, drilling of the FAN-1 well will end within the next month, where after the rig will be moved to the SNE-1 well location, the second well of the two well programme offshore Senegal.
“The presence of oil In the secondary target is important in helping our geological understanding of the margin and is significant because it confirms the existence of a working petroleum generating system," stated Cath Norman FAR managing director.
"It is very pleasing that the building blocks of a working petroleum system are present and we look forward to drilling ahead to deeper objectives in FAN-1 and completing the SNE-1 well,” Norman added.
