FAR Limited has locked within the timetable for drilling the Bambo-1 nicely offshore The Gambia by executing a contract with Stena Drillmax Ice Limited to begin drilling operations in This autumn of this yr. The Bambo-1 nicely in Block A2 offshore The Gambia, is designed to drill into three prospects with a complete estimated recoverable, potential useful resource of 1,118 mmbbls (arithmetic sum of the Best Estimates, 559 mmbbls internet to FAR) and the prospect of geological success for the assorted horizons vary from 7% to 37%. These goal reservoirs are:
• Soloo – The extension of the hydrocarbon-bearing reservoirs within the adjoining Sangomar Oil Field, offshore Senegal.
• Bambo and Soloo Deep – two extra prospects, not drilled through the Senegal drilling campaigns.
These two prospects carry a decrease likelihood of success however greater quantity of hydrocarbons. The technical evaluation of the Bambo Prospect has drastically benefited from FAR’s intensive database and expertise within the area and learnings from FAR’s involvement within the 11 profitable wells in Senegal and the Samo-1 nicely drilled in 2018. FAR is Operator with a 50% working curiosity within the A2 and A5 permits with its three way partnership companion, PC Gambia Ltd, a subsidiary of Petroliam Nasional Berhad (PETRONAS). If profitable, a discovery might end in a standalone growth which might be The Gambia’s first oil manufacturing.
The drillship Stena IceMAX, succesful to drill in water depths as much as 7,500 ft was delivered in 2012 from the Samsung’s Geoje shipyard in South Korea.
Headquartered in Melbourne, Australia, FAR Limited is an impartial, Africa focussed, Australian Securities Exchange listed, oil and gasoline exploration and growth firm with excessive worth belongings in West Africa, East Africa and Australia.
(Source: FAR – Image: Stena Drilling)
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