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FAR says drilling of Bambo-1

well offshore the Gambia is
on target for Q4-2021

FAR Ltd has locked in the timetable for drill-
ing the Bambo-1 well offshore The Gambia by
executing a contract with Stena Drillmax Ice
Limited to commence drilling operations in the
fourth quarter of this year.
The Bambo-1 well in Block A2 offshore The
Gambia, is designed to drill into 3 prospects
with a total estimated recoverable, prospective Gambia (a wholly owned subsidiary of FAR) Terminal as part of its international expansion
resource of 1.118bn barrels (arithmetic sum of contracted for the previous drilling offshore The process. Tema LNG terminal is an innovative
the Best Estimates, 559mn barrels net to FAR) Gambia that was completed safely and under infrastructure, as both its storage (FSU) and
and the chance of geological success for the vari- budget. The Stena IceMax is a sixth-generation regasification (FRU) units are floating and inde-
ous horizons range from 7% to 37%. dual-activity dynamically positioned Mobile pendent. For the new facilities, the breakwater
These target reservoirs are: Offshore Drilling Unit (MODU) that is currently was extended, and a new outer basin built.
1. Soloo: The extension of the hydrocar- undertaking operations in Latin America before The aim of the training courses is the famil-
bon-bearing reservoirs in the adjacent Sangomar deploying to The Gambia. iarisation of Local Pilots with the navigation
oilfield, offshore Senegal. Managing Director Cath Norman said: “We conditions and manoeuvring strategies of the
2. Bambo and Soloo Deep: two additional are pleased to be recommencing exploration new LNG traffic calling at the Terminal. Ses-
prospects, not drilled during the Senegal drill- drilling at FAR with this high impact well in The sions will include both normal and emergency
ing campaigns. These two prospects carry a Gambia and the same drill team that drilled effi- scenarios with LNG carriers corresponding to
lower chance of success but higher volume of ciently and safely for the Samo-1 well in 2018. the expected fleet. Manoeuvres with the FSU will
hydrocarbons. The technical assessment of the The rig is planned to commence drilling in Q4 also be included.
Bambo Prospect has greatly benefited from this year and the well will be the first well to be The manoeuvres will be performed involv-
FAR’s extensive database and experience in the drilled in the Mauritania, Senegal, The Gambia, ing Pilots from the port and will be carried out
region and learnings from FAR’s involvement in Guinea-Bissau and Guinea-Conakry (MSGBC) using Siport21 real-time manoeuvring simulator
the 11 successful wells in Senegal and the Samo-1 Basin since the collapse of the market in the wake (DNV-GL approved). This Centre reopened its
well drilled in 2018. of the oil price crash and the COVID-19 pan- in-person activity in June of 2020, following the
FAR is Operator with a 50% working interest demic and we look forward to getting back to health authority recommendations related to
in the A2 and A5 permits with its joint venture basics at FAR and delivering value to our share- preventing COVID.
partner, PC Gambia Ltd, a subsidiary of Petro- holders through successful exploration drilling. June 12 2021
liam Nasional Berhad (Petronas). If successful, A discovery of oil offshore The Gambia would be
a discovery could result in a standalone devel- extremely significant for FAR shareholders and
opment which would be The Gambia’s first oil the people of The Gambia and help move Gam- SERVICES
production. bia out of energy poverty and to transition from
Planning for the Bambo-1 drilling project is burning heavy fuel oil for power generation.” Shelf Drilling awarded
well advanced. The execution of the rig contract FAR Ltd, June 16 2021
marks a significant milestone in the planning for contract for the Shelf
the well with spud now confirmed for between
October 1 and November 30, 2021, subject to LNG Drilling Tenacious rig
rig schedule. Long-lead items have been ordered
and tendering and contracting for remaining key Ghanaian port pilots carry Shelf Drilling has secured a one-year contract for
services is underway. The Environmental and the Shelf Drilling Tenacious jack-up rig with a
Social Impact Assessment (ESIA) for the pro- out a training programme wholly owned subsidiary of Chevron, Cabinda
ject is approved by the National Environmental Gulf Oil Company (CABGOC), for operations
Agency of The Gambia. FAR has engaged Exceed in Siport21 centre offshore Angola. The contract is expected to
Energy in Aberdeen to provide the engineer- commence in January 2022 and includes multi-
ing and wells management team to deliver this In the face of the imminent start-up of the first ple option periods.
project. LNG Import Terminal of Ghana in the Port of David Mullen, CEO of Shelf Drilling, said:
The well is expected to take approximately 30 Tema, to be managed by Reganosa, Local Pilots “We are pleased to continue our long-standing
days to drill and planned to drill to a depth of are carrying out a training programme with the partnership with Chevron through this award
3,266 metres in water depths of 993 metres, 85 new maritime traffic, LNG carriers, in Siport21 for the Shelf Drilling Tenacious. The rig will be
km offshore and 500 metres south of the Sene- Ship Manoeuvring Simulation Centere. The new highly customised for Chevron’s operations in
gal-Gambia border. Terminal is the first import facility in the country Angola including enhanced offline capabilities
Stena Drillmax Ice is a subsidiary of Stena and sub-Saharan Africa. similar to our rigs working for Chevron in the
Drilling, the same drilling company that FAR Reganosa will operate and maintain the new Gulf of Thailand.

Week 24 16•June•2021 www. NEWSBASE .com P15