One-Page Deal Sheet
Cairn Energy Farms-in as Operator Offshore Senegal
Cairn Energy Plc Far Limited, Petrosen
Announced Date
March 20,2013
Close Date
June 03,2013
Transaction Type
Farm-In/Farm Out
Asset/Basin:
{"Mauritania-Senegal-Guinea-Bissau (MSGBC) Basin"}
TargetZones:
{Albian,Aptian}
Net Acres
Transaction Details: Subscribe to see
Cairn Energy PLC (Cairn) is pleased to announce a farm-in as Operator of three blocks offshore Senegal in West Africa. This transaction will add a number of drillable prospects to the frontier exploration inventory and drilling programme in the next 18 months.
The three contiguous blocks – Rufisque, Sangomar and Sangomar Deep - are currently operated by FAR Limited (FAR) with Petrosen (the Senegal National Oil Company) as a Joint Venture (JV) partner. FAR is an independent Australian Securities Exchange listed oil and gas explorer with exploration interests which include West and East Africa.
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