Cairn's FY2018 presentation out now. Not surprised to see them plan 3 explr wells in Mexico.
I've listed the Keypoints below.
Senegal expenditure for 2019 is USD40mil. WPL assumed role of Operator as planned. FID in mid-2019, First oil targetted for 2022.
Project finance launched & detailed work on finance structure underway.
Subsea Alliance & MODEC awarded contracts. (no mention of drilling contractor yet)
High Res 3D seis planned for Q2/3 2019
P50 for SNE is 3.6 Bil Boe.
SNE Development in 3 phases for Oil.
- Phase 1: 2C - 230 mmbbls gross (23 wells planned)
- Phase 1a: 200 bcf gas
- Phase 2: 130 mmbbls
- Phase 3: 123 mmbbls
https://www.cairnenergy.com/media/2366/results-final-11-march-2019.pdf
https://www.cairnenergy.com/media/2367/120319-cairn-energy-full-year-results-final.pdf
Cairn's FY2018 presentation out now. Not surprised to see them...
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