FAR Gambia advises that drilling has commenced on the Bambo-1 exploration well in Block A2, offshore The Gambia. The Stena IceMax drillship arrived on site on 12 November Gambian time and after completing preparations, has successfully spudded the well.<\/p>\n
The Bambo-1 well is located approximately 85km offshore The Gambia, in 930 meters of water depth and is planned to be drilled to a depth of approximately 3,400 meters. The drilling campaign is expected to take approximately 30 days.<\/p>\n
The well is designed to drill into a series of vertically stacked targets (see Figure 2) with a combined estimated recoverable, prospective resource of 1,118 mmbbls (arithmetic sum of the Best Estimates, un-risked, 559 mmbbls net to FAR*) and FAR calculates the chance of geological success for the various horizons to range from 7% to 36%.<\/p>\n
The targets are:
\n1. Bambo (S390 & S400) – two shallower horizons not previously intersected.
\n2. Soloo (S410 & S440) – the extension of the hydrocarbon-bearing reservoirs in the adjacent Sangomar Oil Field, Senegal.
\n3. Soloo Deep (S552 & S562) \u2013 two additional horizons, also not previously penetrated. Soloo Deep has a lower chance of success but higher potential volumes<\/p>\n
FAR is Operator and has a 50% interest in the A2 and A5 blocks. Its joint venture
\npartner, PC Gambia Ltd, a subsidiary of Petroliam Nasional Berhad (PETRONAS)
\nholds the remaining 50%.<\/p>\n","protected":false},"excerpt":{"rendered":"