Development And Exploitation Plan Submitted For SNE Field Offshore Senegal
- First oil targeted in 2022 with gross production of 100,000 barrels of oil per day
- FPSO tenders received and under evaluation
- FID expected 2019
FAR Limited announces that the Development and Exploitation Plan for the SNE oil field offshore Senegal has been submitted to the Government of Senegal by the Joint Venture.
The Development and Exploitation Plan outlines the full field multi-phase development of oil and gas and details how the field will be developed in a series of phases with plans for ~500 mmbbls of oil to be developed with a plateau production of 100,000 bbls oil per day.
The first phase of oil development will principally develop the S500 resource with up to 23 subsea oil production, water injection and gas injection wells tied back to a floating production, storage and offtake facility (FPSO). Following the establishment of oil production, gas will be produced. The FPSO will also include provision for future gas export to shore for domestic supply.
Tender responses for the FPSO facility and supporting subsea infrastructure have been received by the Joint Venture and are under evaluation and short listing ahead of Front-End Engineering and Design (FEED) Entry planned for later this year.
FAR’s managing director Cath Norman said, “Submission of the development plan for SNE is a huge milestone for our company. Since the SNE discovery well four years ago, FAR has participated in three more oil discoveries offshore Senegal and successfully drilled 7 SNE appraisal wells at 100% success rate for the 11 wells. SNE was the world’s largest oil discovery for 2014 and, more importantly, the first offshore oil field discovered off the shores of Senegal. FAR has had a long and enjoyable relationship with the people and country of Senegal over 12 years and it is particularly rewarding for our company to be here presenting the development plan to the Government. We look forward to watching this development progress towards first oil in 2022 and first gas in about 2024.”
Source: FAR Limited