London, UK | – Australian African-focused independent oil company, FAR Limited has selected its final well location for the upcoming Samo-1 well in its Gambian exploration program. Following reprocessing and interpretation of 3D seismic data, detailed mapping of the Samo Prospect and detailed well engineering, FAR Gambia Ltd, a wholly owned subsidiary of FAR Limited, as Operator of the block A2 joint venture, has approved a Samo-1 well location.
The Samo Prospect lies immediately to the south and along trend from the giant SNE oil field in Senegal – a trend which has so far seen nine successful exploration and appraisal wells (at 100% success rate).
The Samo-1 well will be located in approximately 1,017 m water depth and 112 km offshore Gambia in the highly prospective Mauritania-Senegal Guinea-Bissau-Conakry (MSGBC) basin.
The Samo Prospect has two main targets; an upper reservoir interval which contained liquid-rich gas at SNE and a lower reservoir interval which was oil-bearing at SNE. The two target reservoir intervals are assessed to have a combined Prospective Resource of 825 MMbbl of oil* (best estimate, unrisked – refer ASX announcement of Nov. 21, 2017). Good quality reservoirs have been interpreted at both levels at the proposed Samo-1 well location and the well will be drilled on the crest of the structure.
