Echo has announced that the 3D survey on the Eastern cube at Tapi Aike has been completed safely over 414km², initial indications suggest good quality data. The kit will now be moved to the western cube where there are 790km² to be worked on.
In addition the company has announced that they are using the results from the stimulation of EMS-1001 to refine a stimulation design for ECM-1004.
It has been announced that the Senegal JV has awarded the FEED contract for the phase 1 FPSO to MODEC. The FID is still on track for mid-2019 which bodes well for timely production. Far is still significantly undervalued as despite the failure of the well in The Gambia, the last time I heard major frontier basins weren’t written off by one well.