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15 Jan 2020 | 07:43

Cairn, JV partners agree to undertake development of Sangomar field in Senegal

Cairn together with joint venture partners, Woodside and FAR, signed a final investment decision statement and agreed to undertake the development of the Sangomar oil field in Senegal. The news followed the receipt last week of the 25-year exploitation authorisation from the Senegal government. Phase one of the development would target an estimated sum of proved and probable reserves (2P) of 231m barrels, the company said. Over the life of the field, total recoverable oil resources were estimated to be approximately 500m barrels with the development also planning gas export to shore, it added. Woodside, as operator of the joint venture, had completed the purchase contract for the floating production storage and offloading facility and issued full notices to proceed for the drilling and subsea construction and installation contracts. First oil was targeted in early 2023, said FAR managing director Cath Norman.

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