FAR Gambia Ltd., a wholly owned subsidiary of FAR Ltd., has spudded the Bambo-1 exploration well in Block A2, about 85 km offshore The Gambia in 930 m of water.
The well will be drilled by the Stena IceMax drillship to a planned depth of about 3,400 m. The drillship arrived on site on Nov. 12 and drilling is expected to take about 30 days.
The well is designed to drill into a series of vertically stacked targets including Bambo (S390 and S400) with two shallower horizons not previously intersected, Soloo (S410 and S440) which is an extension of the hydrocarbon-bearing reservoirs in adjacent Sangomar oil field, Senegal, and Soloo Deep (S552 & S562), which has two additional horizons, also not previously penetrated.
The targets have combined best estimated recoverable, prospective resource of 1,118 million bbl. FAR calculates the chance of geological success for the various horizons from 7-36%.
FAR is operator at A2 and A5 blocks (50%). Its joint venture partner, PC Gambia Ltd., a subsidiary of Petroliam Nasional Berhad (PETRONAS), holds the remaining 50%.