Ventures Africa: Cairn Energy Announces Exploration Programme In Senegal

Cairn Energy, among Europe’s leading independent oil and gas explorers, is poised to deliver a multi-well appraisal and exploration programme in Senegal this year, Group CEO, Simon Thomson, said on Tuesday.

This comes after the company’s success in opening up the new Atlantic Margin basin last year, Thomson said. “The large acreage position in Senegal offers material near term growth potential with numerous follow on prospects identified, and the joint venture is well-positioned to benefit from the current reduction in industry costs.”

The company holds a 40 percent Working Interest in three blocks; Sangomar Deep, Sangomar Offshore and Rufisque; offshore Senegal. ConocoPhillips has 35 percent interest, FAR Ltd 15 percent and the national oil company of Senegal, Petrosen, holds the remaining 10 percent.
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