Cairn Energy Chief Executive Simon Thomson said:
“This is a significant oil find for Cairn and Senegal and based on preliminary estimates is a commercial discovery and opens a new basin on the Atlantic Margin.
On completion of the SNE-1 well the joint venture along with the authorities in Senegal will evaluate all of the information to understand how best to take forward these basin opening discoveries with an appraisal drilling programme in 2015.
Cairn is one of Europe’s leading independent oil and gas exploration and development companies. At Cairn, we believe in doing things the right way.