Cairn in Senegal Creating an Emerging Oil Basin on the Frontier Eric Hathon, Exploration Director 23rd October, 2017
Cairn Energy Creating Growth Through Exploration Growing and diversifying the portfolio Focused on key value drivers in the Exploration Arena Mature basins Barents Sea NORWAY UK and Norwegian North Sea UK Emerging basins IRELAND…
Cairn in Senegal Moving a Frontier basin to an Emerging Oil Play Strong belief in the potential of offshore Senegal Drilled first deep water wells offshore Senegal 2014 Two basin opening discoveries, FAN-1 and SNE-1 SENEGAL Eleven…
Cairn in Senegal Sharing Benefits in Senegal Sustainable oil production will greatly benefit the people of Senegal Multi-million dollar investment since 2014 Opened an office and built a team in Dakar Created major supply base in…
Cairn in Senegal Social Investment in Senegal Supporting economic growth and good governance Training and development - HSE culture Capacity building 200 institutional stakeholders participating Promoting local participation…
Cairn in Senegal Discovering a New Oil Frontier Timeline 2013 Cairn farms in as operator with 65% WI from FAR Limited Cairn farms down 25% to ConocoPhillips 2014 Phase 1 exploration - FAN-1 and SNE-1 discovery wells Cairn opens offices…
Cairn in Senegal Geology of Cretaceous SNE and FAN plays SNE- SNE Field: Early Albian sandy pro-delta FAN NORTH-1 turbidite apron and delta-fed ramp FAN SNE NORTH-1 SOUTH-1 FAN- Late Albian axially reworked SNE Wells SNE…
Cairn in Senegal Third Phase of Drilling 2017 World Class Delivery Excellent HSE/CR Performance 0 Lost Work Days throughout the campaign Five exploration and appraisal wells drilled All five encountered hydrocarbons Campaign…
Cairn in Senegal Third Phase of Drilling 2017-Exploration 3 appraisal targets and 3 exploration targets Block Area 7,100 km2 Water Depth: DAKAR 100 2,000m Finished appraisal of SNE Field Senegal VR-1 exploration tail tested…
Cairn in Senegal Remaining Exploration Potential Around SNE Sangomar Deep Offshore Block DAKAR SNE NORTH-1 40 80 mmboe (mean P10) Gross Senegal Mean Contingent Resource* Additional potential 65 130 mmboe (mean P10) Gross Mean…
Development and Production Senegal SNE Development SNE Field Characterisation SNE Reservoir Schematic Water depth (WD) 650 - 1,400 metres SNE-2 SNE-1 SNE-6 Eight well penetrations through field BEL-1 VR-1 SNE-3 SNE-5 SNE-4 Eight…
Cairn in Senegal SNE Development A Phased Approach Development Phases SNE Full Field Development Schematic Initial target plateau: 75,000 125,000 bopd; 1 2 mmbbls FPSO oil storage FPSO Initial well count: up to 25 wells (oil…
Cairn in Senegal SNE Development Timeline Production Targeting Final Investment Decision (FID) by end First Oil 2018: 2021 - 2023 Complete Front End Engineering and Design (FEED) Evaluation Report and Exploitation Plan to be…
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