Bambo-1ST1 Well Offshore The Gambia: FAR Concludes Drilling and Formation Appraisal Operations
By Ibrahima DIALLO
December 24, 2021 / 16:00

While in Senegal the phases of exploration of oil and gas started several years ago, oil indices and Potential reservoirs have been discovered off the Gambian coast. Additional hydrocarbon potential in the vicinity and in the larger A2 and A5 blocks has been discovered based on oil shows.

Off the coast of Gambia FAR Ltd (ASX:FAR) completed drilling and formation evaluation operations for the Bambo-1ST1 well. The drilling operations for the Bambo-1 well and the Bambo-1ST1 secondary well were conducted safely and within the amended budget.

Oil shows and potential reservoirs have been discovered indicating additional hydrocarbon potential in the vicinity and in the wider A2 and A5 blocks.

"Although no mobile oil has been interpreted, FAR is encouraged to have encountered good oil shows and potential reservoirs in the Bambo-1 well and the Bambo-1ST1 secondary.

"The project has provided significant geological information, including new play types, which reaffirm the potential for new hydrocarbon prospects in Blocks A2 and A5 in The Gambia," said FAR Managing Director Cath Norman.

All the elements of the required petroleum system are present in the region and the technical team is already busy integrating the new data and the high-grade future prospects based on the Bambo-1 confirmation and the deviation.

According to the Director, “The drilling conditions of the Bambo-1 well presented some technical challenges, but we completed the well and the diversion operations safely and within our modified budget.”

Thanking the Exceed and Stena drilling team for working with FAR to deliver this program, Cath Norman expressed her eagerness to begin work with co-venturer Petronas and the Gambian government on the next steps in realising the exploration potential in the country.

Regarding the initial exploration periods, it should be remembered that the company she manages is the operator and 50% shareholder of the A2 permit, off the coast of Gambia, in which the Bambo well was drilled.

The well meets the minimum requirement for drilling work for an exploration well for the initial exploration periods for permits A2 and A5.

 

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