High hopes for Senegal oil discovery

摘要

Martin Quinlan, LONDON: An apparently-substantial oil discovery off Senegal could extend west Africa's oil province to its western tip. Cairn, the Scotland, UK, based explorer, said in October that its FAN-1 well found an oil reservoir which has"significant potential as a standalone discovery". The well found a net 29 metres of oil reservoir in a zone of more than 500 metres, with no water-contact and with oil gravity ranging from 28°-41° API. The firm estimated that FAN-1 discovered oil-in-place resources of 250 million barrels with a 90% probability, or 950 million barrels at P50 or 2,500 million barrels at P10.