Woodside Petroleum Completes Drilling of First Oil Well in Senegal

By Emmanuel Tumanjong

Special to Dow Jones Newswires

Woodside Petroleum Ltd. has completed the drilling of its first oil well at its jointly-owned Sangomar Offshore and Sangomar Deep Offshore site in Senegal, Societe des Petroles du Senegal, or Petrosen, said Saturday.

At the S540 oil reservoir, the Australian oil-and-gas firm covered a net length of about 500 meters to a depth of about 2,600 meters, with results coming in above expectations, Petrosen said.

The oil field--which is owned in a joint venture between Woodside and Petrosen--has reserves estimated at 630 million barrels. In August, Woodside said the four wells have a capacity to produce 100,000 barrels of crude oil per day, and remain on track to begin oil production in 2023.

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