FAR’s Gambian Samo-1 Well Unsuccessful
Australia-listed FAR said November 9 that its Samo-1 well offshore Gambia has been unsuccessful with the main target horizons being water-bearing.
“The result in the Samo-1 well is not in line with our pre-drill expectations, however it is providing an abundance of new subsurface information that will help us understand the geological play along the shelf edge – an area which remains grossly underexplored,” FAR managing director Cath Norman said.
“The FAR team has identified a portfolio of prospects and leads in the A2 and A5 permits and the data from Samo-1 will be used to further mature and de-risk these for future drilling,” she said.
The well encountered “excellent reservoir and seal facies” which indicate that all the key components for a successful trap are present, FAR said.
“As the first offshore well in forty years [in Gambia] and the first modern well, the data that has been collected at Samo-1 and the ongoing interpretation will be critical to unlocking the hydrocarbon potential in the area,” it said.
FAR had identified Samo-1 as a prospective resource of 825 million barrels of oil.
FAR holds a 40% interest in Gambian blocks A2 and A5 and is the operate. The shareholders of these perimeters are Malaysian producer, Petronas, with 40% and Johannesburg-listed company Erin Energy, at 20%.