Cairn posted a solid trading update with lower cash outflow than expected, resulting in higher YE16 net cash. The Catcher and Kraken fields remain on track for first oil in 2017. These fields will deliver 25 mbbl/d production at peak, net to Cairn. In 1H17, Cairn will drill at least two appraisal wells at SNE in Senegal to get a better understanding on lateral connectivity at the upper sands, with the potential to increase estimated recovery factor by 10% at these sands from 10-15%. Pending v
18 Jan 2017
Important upcoming appraisal wells in Senegal
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Important upcoming appraisal wells in Senegal
Capricorn Energy PLC (CNE:LON) | 165 6.3 2.4% | Mkt Cap: 151.4m
- Published:
18 Jan 2017 -
Author:
Stephane Foucaud -
Pages:
5
Cairn posted a solid trading update with lower cash outflow than expected, resulting in higher YE16 net cash. The Catcher and Kraken fields remain on track for first oil in 2017. These fields will deliver 25 mbbl/d production at peak, net to Cairn. In 1H17, Cairn will drill at least two appraisal wells at SNE in Senegal to get a better understanding on lateral connectivity at the upper sands, with the potential to increase estimated recovery factor by 10% at these sands from 10-15%. Pending v