Cairn Energy submits development plan for Senegal field

Cairn Energy said its development and exploitation plan for the SNE field offshore Senegal had been submitted on schedule to the Senegalese government and was targeting approval later this year.

The company added that its joint venture partner Woodside Energy had exercised its option to become the field's operator.

“Work is already well underway to facilitate transfer of operatorship which is now subject only to government consent,” Cairn said in a statement.

SNE is expected to produce 100,000 barrels of oil per day with first oil targeted in 2022 to supply Senegal with commercial gas.

The joint venture comprises Cairn as current operator with a 40% working interest, alongside partners Woodside 35%, FAR Ltd 15% and the Senegal National Oil Company, Petrosen 10%. Petrosen has the right to increase its equity to 18% on development.