Stena Drilling knowledgeable that the Stena DrillMAX has been awarded a contract by FAR Limited. The Stena DrillMAX will drill the Samo prospect offshore, The Gambia, scheduled for late 2018 with an anticipated length of the marketing campaign to be round 40 to 120 days. According to FAR, this would be the first offshore properly drilled in Gambia for 40 years and we’re extraordinarily happy to see the Stena DrillMAX being chosen for this work. After a profitable marketing campaign with Cairn Energy Senegal in 2017 the place the rig and its crew had an excellent efficiency, finishing the drilling marketing campaign safely and reaching 99.89% of Operational Performance. Stena Drilling is worked up to see the Stena DrillMAX return within the area and desires the easiest to all its crew and the rig administration crew.
The Samo-1 exploration properly has a main goal which FAR estimates to comprise a finest estimate potential useful resource of 825 mmbbls of oil*. The potential useful resource estimates for the Samo-1 properly are outlined in Table 1 on web page 2. The Samo prospect has two goal intervals, is on development and shares many similarities with the large SNE oil discipline. As such it is rather extremely rated with an estimated probability of success (CoS) in a single or each targets, endorsed by RISC, of 55%. It is uncommon to have an exploration prospect with such a excessive CoS however this displays the adjoining discovery at SNE and the boldness FAR Limited has developed in exploring within the play fairway which is but to expertise a dry properly. Drilling of the Samo-1 properly is predicted to begin in late 2018. FAR Gambia Limited, a completely owned subsidiary of FAR restricted, is operator of the Gambia Block A2 Joint Venture and has awarded the drilling rig contract to Stena Drilling. (Source: FAR
FAR Limited is an unbiased, Africa focussed, Australian oil and fuel exploration and improvement firm with excessive worth property in West Africa, East Africa and Australia. In West Africa, FAR holds a portfolio of exploration licences in Senegal and Guinea-Bissau. In East Africa, FAR has exploration acreage within the rising oil and fuel province of Kenya. FAR additionally holds acreage surrounded by confirmed petroleum methods within the state of Western Australia.
Two world class, offshore oil discoveries; FAN-1 and SNE-1, have been made by FAR in Senegal in late 2014 which have reworked FAR and underscored the worldwide significance of its West African margin exploration leases. (Source: Strena, FAR Ltd – Image: Stena Drilling)
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