The SNE-5 appraisal well offshore Senegal flowed oil during two drill stem tests (DST) conducted in the Upper Reservoirs, Cairn said in a news release.
“Main reservoir units, pressure data and fluid contacts match previous SNE wells as expected,” the company said.
The first DST flowed from an 18 m interval at a maximum rate of about 4,500 barrels of oil per day on a 60/64-in. choke. For the second DST, an additional 8.5-m zone was added, and the well flowed at a maximum rate of 4,200 bbl/d.
Cairn said the well has been plugged and abandoned, and the Stena DrillMax drillship will move to begin operations on the Vega-Regulus well, about 5 km west of the SNE-1 discovery. “The well will target the Vega-Regulus exploration prospect in the Aptian Carbonates underlying the SNE Field which has potential gross mean consolidated prospective resource of more than 100 MMbbl,” the company said.
Recommended Reading
Twenty Years Ago, Range Jumpstarted the Marcellus Boom
2024-11-06 - Range Resources launched the Appalachia shale rush, and rising domestic power and LNG demand can trigger it to boom again.
Oxy’s Hollub Drills Down on CrownRock Deal, More M&A, Net-zero Oil
2024-11-01 - Vicki Hollub is leading Occidental Petroleum through the M&A wave while pioneering oil and gas in EOR and DAC towards the goal of net-zero oil.
Empire Raises $10M in Equity Offering to Ease Doubts, Reports $3.6M Loss
2024-11-14 - Empire Petroleum received a waiver from its lender after falling out of compliance with a credit agreement.
Oilfield Services Firm Flowco Files IPO Paperwork
2024-12-09 - Oilfield services provider Flowco filed paperwork for an IPO, one of several energy-focused players seeking to test the public markets.
Artificial Lift Firm Flowco Seeks ~$2B Valuation with IPO
2025-01-07 - U.S. artificial lift services provider Flowco Holdings is planning an IPO that could value the company at about $2 billion, according to regulatory filings.