Senegal's offshore oil plans inch ahead
Cairn seeks to manage expectations, as reserve estimates grow
Cairn Energy is pushing on with exploration and appraisal around its existing Senegalese offshore oil finds, as it seeks to move ahead with what could be one of the largest frontier oil developments of the next few years. The explorer says it doesn't want to fall into the trap of promising an overly ambitious schedule to a government eager to see early returns from the project, but the low prevailing drilling costs still make rapid progress attractive. A third phase of exploration drilling got underway in early 2017, using the Stena DrillMax rig, with two appraisal wells planned and several further ones possible, including on new exploration prospects. The first of the appraisal wells, SNE-5
Also in this section
13 January 2025
With Namibia, Guyana and Brazil playing starring roles and important innovations being developed, business as usual has never looked so good
13 January 2025
Regional cooperation over the development of gas resources has the potential to bring peace and prosperity to the East Mediterranean
13 January 2025
Significant expansions are underway in both liquefaction and regasification capacity as LNG firms up its position as a long-term solution for the world’s energy needs
10 January 2025
New Petroleum Economist OPEC+ oil survey sees group improve compliance to ensure oil market stability going into 2025
