Stena DrillMAX Drillship to Drill Giant Samo Prospect Offshore The Gambia
Thursday 26 April 2018
FAR Limited has awarded a drilling rig contract to Stena Drilling. Stena Drilling will provide and operate the Stena DrillMAX drillship to drill the giant Samo prospect offshore, The Gambia, scheduled for late 2018.
The Samo-1 exploration well has a primary target which FAR estimates to contain a best estimate prospective resource of 825 mmbbls of oil. The Samo prospect has two target intervals, is on trend and shares many similarities with the giant SNE oil field. As such it is very highly rated with an estimated chance of success (CoS) in one or both targets, endorsed by RISC, of 55%. It is rare to have an exploration prospect with such a high CoS but this reflects the adjacent discovery at SNE and the confidence FAR Limited has developed in exploring in the play fairway which is yet to experience a dry well.
Drilling of the Samo-1 well is expected to commence in late 2018. FAR Gambia Limited, a wholly owned subsidiary of FAR limited, is operator of the Gambia Block A2 Joint Venture and has awarded the drilling rig contract to Stena Drilling.
The Stena DrillMAX is a state of the art, dual mast, dynamically positioned, deep water drill ship with a rig crew that has extensive international and regional West African experience. The Stena DRILLMAX is a harsh environment dynamically positioned DP class 3 drillship capable of drilling in water depths up to 10,000’.