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Cairn eyes 2015 as year of Senegal deepwater focus

13th January 2015

Cairn Energy is planning to focus its 2015 efforts on its emerging Atlantic Margin basin following last years celebrated discoveries offshore Senegal

Cairn Energy is planning to focus its 2015 efforts on its emerging Atlantic Margin basin following last years celebrated discoveries offshore Senegal
Post well analysis of the SNE-1 and FAN-1 discoveries is proceeding in line with expectations

“Our focus in 2015 is on delivering a multi well appraisal and exploration programme in Senegal, following our success in opening up this new Atlantic Margin basin last year,” said Simon Thomson, Cairn chief executive.

Cairn’s oil-bearing FAN-1 and SNE-1 wells drilled last year were the first ever deepwater (greater than 1,000-metres) wells drilled in Senegalese waters, and the first offshore wells drilled for over 20 years.

“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,” added Thomson.

Post well analysis of the SNE-1 and FAN-1 discoveries is proceeding in line with expectations.

Working closely with the Government of Senegal and its joint-venture partners, Cairn is preparing a 2015 operated multi well evaluation programme, which will consist of further appraisal and exploration drilling.

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