{"id":9295,"date":"2020-10-21T05:29:18","date_gmt":"2020-10-21T05:29:18","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=9295"},"modified":"2020-10-21T05:29:18","modified_gmt":"2020-10-21T05:29:18","slug":"far-provides-quarterly-operations-update","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/far-provides-quarterly-operations-update\/","title":{"rendered":"FAR Provides Quarterly Operations Update"},"content":{"rendered":"<p>RSSD (Rufisque, Sangomar and Sangomar Deep) Senegal<\/p>\n<p>The Rufisque, Sangomar and Sangomar Deep (\u2018RSSD\u2019) Joint Venture continued to progress construction activities for the Sangomar Field Development. The construction of the FPSO and other equipment for the Phase 1 development is progressing within budget. Interpretation of the recent high-definition multiazimuth 3D marine seismic survey over the Sangomar field is ongoing and will be incorporated into development planning and resource assessment.<\/p>\n<p>Phase 1 of the development is planned to target 231 mmbbls of oil resources from the lower reservoirs in the Sangomar Field, and an initial pilot phase in the upper reservoirs.<br \/>\nThe 2021 work program and budget has now been approved by the joint venture, along with key logistics contracts relating to marine vessels and aviation services.<br \/>\nDuring the period Cairn announced the sale of its entire 40% RSSD interest to Lukoil that was subsequently pre-empted by Joint Venture partner and Operator, Woodside. The transaction remains subject to certain conditions before completion.<\/p>\n<p>Also during the period, and as expected, the Senegal state oil company, Petrosen, increased their stake in the project from 10% to 18%. If Woodside successfully acquires Cairn\u2019s interest, the working interest of the remaining joint venture partners in the Sangomar exploitation area will be Petrosen 18%, FAR 13.67%, and Woodside 68.33%. The working interest in the remaining RSSD evaluation area (including the FAN and SNE North oil discoveries) will be Petrosen 10%, FAR 15% and Woodside 75%.<\/p>\n<p><strong>Offshore, The Gambia\u00a0Blocks A2\/A5<\/strong><\/p>\n<p>During the quarter FAR continued with the Full Waveform Inversion (FWI) processing of the 600km2 3D seismic survey that was acquired in A5 during Q1 2020. It is intended that this FWI processing will be expanded to include the remaining 3D seismic datasets over A2 and A5, therefore providing single merged 3D seismic data across the blocks.<\/p>\n<p>These data will be used to significantly improve geological interpretation and prospect selection in the future. FAR has continued in the quarter with planning for the Bambo-1 well. This well is being designed to test multiple stacked objectives including the Bambo 390, Soloo 410 and Soloo 440 (see Table below). Execution of the Bambo-1 well<br \/>\nproject is currently on hold since Q2 2020 when a decision was made with the<br \/>\nJV participants and Ministry of Petroleum and Energy to temporarily suspend the project due to the COVID-19 pandemic.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-9296 alignleft\" src=\"https:\/\/i0.wp.com\/oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Gambia-Block-A2-and-A5-estimates.jpg?resize=347%2C285\" alt=\"\" width=\"347\" height=\"285\" srcset=\"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Gambia-Block-A2-and-A5-estimates.jpg?w=347&amp;ssl=1 347w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Gambia-Block-A2-and-A5-estimates.jpg?resize=300%2C246&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Gambia-Block-A2-and-A5-estimates.jpg?resize=100%2C82&amp;ssl=1 100w\" sizes=\"auto, (max-width: 347px) 100vw, 347px\" \/><\/p>\n<p>FAR and its partner are continuing to review the COVID-19 situation with a view to reactivate the project when it can be safely and efficiently delivered. The Environmental and Social Impact Assessment (ESIA) for the drilling project has progressed this quarter with the completion of the public consultation process.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Guinea-Bissau<\/strong><br \/>\nThe Sinapa and Esperanca licences are currently within an Extension period of the initial Exploration Term as provided for under their respective Agreements for Joint Venture Participation (\u2018AJVP\u2019) where a subsidiary of Svenska Petroleum Exploration AB (\u2018Svenska\u2019) is Operator of the Joint Ventures.<\/p>\n<p>On 16 October, FAR was advised by the Operator that the Sinapa and Esperanca Licence extensions were formally approved via Presidential decree, Bissau Government Decrees N 22\/2020 ( Esperan\u00e7a Exploration License 12th Amendment) and N 23\/20 (Sinapa Exploration License 16th Amendment).<\/p>\n<p>The current exploration period has been extended to expire on 2nd October 2023.<br \/>\nOperations in the licenses, including preparation for drilling Atum-1X, have been suspended due to COVID-19. FAR is working with the Operator to help identify and protect the Joint Venture from any further cost exposures due to COVID-19 shutdown.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RSSD (Rufisque, Sangomar and Sangomar Deep) Senegal The Rufisque, Sangomar and Sangomar Deep (\u2018RSSD\u2019) Joint Venture continued to progress construction activities for the Sangomar Field Development. The construction of the &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/far-provides-quarterly-operations-update\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":8599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11,7444],"tags":[8415,289,290,8413,867,950,1054,8565,8566,7868,7577,2241,2272,2283,8412,8564,8414],"class_list":["post-9295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","category-west-africa","tag-bambo-1","tag-block-a2","tag-block-a5","tag-esperanca","tag-far","tag-gambia","tag-guinea-bissau","tag-jobo","tag-jotto","tag-rufisque","tag-sangomar","tag-sangomar-deep","tag-seismic","tag-senegal","tag-sinapa","tag-soloo","tag-svenska-petroleum-exploration-ab","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/FAR.jpg?fit=500%2C500&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2pV","jetpack-related-posts":[{"id":10606,"url":"https:\/\/www.oilnewskenya.com\/index.php\/senegal-woodside-launches-sangomar-field-development-phase-1-drilling-campaign\/","url_meta":{"origin":9295,"position":0},"title":"SENEGAL: Woodside Launches Sangomar Field Development Phase 1 Drilling Campaign","author":"","date":"July 20, 2021","format":false,"excerpt":"Woodside Energy Senegal B.V. (Woodside) as operator of the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture, which includes Soci\u00e9t\u00e9 des P\u00e9troles du S\u00e9n\u00e9gal (PETROSEN), plans to begin the drilling campaign this week for the Sangomar Field Development Phase 1 offshore Senegal. Woodside Acting CEO Meg O\u2019Neill\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/sangomar-field.jpg?fit=600%2C599&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/sangomar-field.jpg?fit=600%2C599&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/sangomar-field.jpg?fit=600%2C599&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":14360,"url":"https:\/\/www.oilnewskenya.com\/index.php\/senegal-woodside-achieves-first-oil-at-sangomar\/","url_meta":{"origin":9295,"position":1},"title":"SENEGAL: Woodside achieves first oil at Sangomar","author":"","date":"June 12, 2024","format":false,"excerpt":"Woodside has achieved first oil from the Sangomar field offshore Senegal, marking the safe deliveryof the country\u2019s first offshore oil project. The Sangomar Field Development Phase 1 is a deepwater project including a stand-alone floatingproduction storage and offloading (FPSO) facility with a nameplate capacity of 100,000 barrels\/day,and subsea infrastructure that\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/06\/Senegal-Sangomar.png?fit=742%2C417&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/06\/Senegal-Sangomar.png?fit=742%2C417&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/06\/Senegal-Sangomar.png?fit=742%2C417&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/06\/Senegal-Sangomar.png?fit=742%2C417&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10581,"url":"https:\/\/www.oilnewskenya.com\/index.php\/senegal-far-completes-sale-of-rssd-project-to-woodside\/","url_meta":{"origin":9295,"position":2},"title":"SENEGAL: FAR completes sale of RSSD project to Woodside","author":"","date":"July 7, 2021","format":false,"excerpt":"Woodside Energy (Senegal) B.V. has completed the acquisition of the entire participating interest of FAR Senegal RSSD S.A. (FAR) in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture. The purchase price was US$45 million plus a working capital adjustment of approximately US$167 million to reflect the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Sangomar.jpg?fit=672%2C311&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Sangomar.jpg?fit=672%2C311&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Sangomar.jpg?fit=672%2C311&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":9052,"url":"https:\/\/www.oilnewskenya.com\/index.php\/senegal-woodside-energy-enters-agreement-to-acquire-cairns-stake-in-the-rufisque-offshore\/","url_meta":{"origin":9295,"position":3},"title":"SENEGAL: Woodside Energy\u00a0Enters Agreement to Acquire Cairn\u2019s Stake in the Rufisque Offshore","author":"","date":"September 6, 2020","format":false,"excerpt":"Woodside Energy\u00a0 reports it has entered into a binding sale and purchase agreement to acquire Capricorn Senegal Limited\u2019s entire participating interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture. This follows Woodside\u2019s exercise of its pre-emptive rights announced on 17 August 2020. Completion of the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Sangomar.jpg?fit=672%2C311&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Sangomar.jpg?fit=672%2C311&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Sangomar.jpg?fit=672%2C311&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":8672,"url":"https:\/\/www.oilnewskenya.com\/index.php\/senegal-lukoil-acquires-cairn-energys-sangomar-project\/","url_meta":{"origin":9295,"position":4},"title":"SENEGAL: Lukoil Acquires Cairn Energy&#8217;s Sangomar Project","author":"","date":"July 27, 2020","format":false,"excerpt":"LUKOIL has concluded an agreement with Cairn Energy PLC to acquire a 40% interest in RSSD (Rufisque, Sangomar and Sangomar Deep) project in the Republic of Senegal for $300 mln in cash. The agreement also provides for potential bonus payment to Cairn Energy PLC of up to $100 mln after\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Sangomar.jpg?fit=672%2C311&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Sangomar.jpg?fit=672%2C311&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Sangomar.jpg?fit=672%2C311&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":9539,"url":"https:\/\/www.oilnewskenya.com\/index.php\/senegal-modec-awarded-operations-and-maintenance-contract-for-sangomar-field-development-fpso\/","url_meta":{"origin":9295,"position":5},"title":"SENEGAL: MODEC awarded Operations and Maintenance Contract for Sangomar Field Development FPSO","author":"","date":"December 14, 2020","format":false,"excerpt":"MODEC has announced that it has signed a contract with Woodside Energy\u00a0for the operations and maintenance of a Floating Production Storage and Offloading (FPSO) vessel for the Sangomar (formerly SNE) Field Development Phase 1 (Sangomar Field Development) project in the Sangomar Offshore and Sangomar Offshore Deep oil blocks, located offshore\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/12\/sangomar-fpso.jpg?fit=1200%2C686&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/12\/sangomar-fpso.jpg?fit=1200%2C686&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/12\/sangomar-fpso.jpg?fit=1200%2C686&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/12\/sangomar-fpso.jpg?fit=1200%2C686&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/12\/sangomar-fpso.jpg?fit=1200%2C686&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=9295"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9295\/revisions"}],"predecessor-version":[{"id":9297,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9295\/revisions\/9297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/8599"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=9295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=9295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=9295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}