Cairn Energy

Cairn Energy announced successful results for its SNE North-1 exploration well 90 km offshore Senegal, located in the Sangomar Deep Offshore block in 900 m of water. At a total depth of 2837 m, oil and gas was found in the primary objective, as well as oil in the deeper secondary objective, in a separate accumulation to Cairn’s existing development in SNE field. The preliminary analysis projects resources including approximately 24 m of gross hydrocarbon column spanning three intervals, and a net of 11 m oil in a good-quality reservoir in the secondary objective of the play. Cairn’s Senegalese offshore operations involve a joint venture with a 40% interest for Cairn, 35% for Woodside, 15% for FAR Limited, and 10% for Petrosen, the national oil company of Senegal