Noise Power: mobilisation of rig to Sidi Moktar
The Sidi Moktar permits cover 2700 km2 in the Essaouira container, main Morocco as well as contain an existing gas exploration in the Lower Liassic (Kechoula) and substantial much deeper potential. Sidi Moktar is close to existing infrastructure, consisting of the huge range Moroccan state owned OCP Phosphate plant.
2 wells have actually currently been drilled at Kechoula by previous operators and have been estimated to have an unrisked mid instance initial gas instead of 293 billion Sft3 (gross). As previously revealed by the Business, the Sidi Moktar licences are additionally estimated, similar to the Business's Eastern Morocco positions, to have significant pre-Jurassic exploration capacity from the TAGI as well as Paleozoic over of 1 trillion ft3 unrisked GOIP (gross). The Firm notes the quantitive assesment prepared by a previous driver in 1998 which described expedition capacity of the Sidi Moktar permits of as much as 9 trillion ft3 unrisked GOIP (gross) in the TAGI and Paleozoic. The Firm will need the reprocessing of existing 2D seismic, purchase of brand-new 2D seismic as well as drilling results before creating its very own quantity quotes for the exploration potential of the Sidi Moktar licences.
The firm introduces that the SAIPEM rig made use of to drill the business's newest Tendrara well (TE-8) has actually currently been mobilised to Sidi Moktar. The gear will, upon arrival in May 2017, perform the coming back as well as testing of both existing wells on the Kechoula exploration which, subject to preliminary well results, might consist of an avert and an extended well examination after that.
Provided the Business's solid economic setting, the company also reveals that it has actually made a decision not to wage the formerly introduced suggested subcontract of Sidi Moktar, and also to instead retain its 75% operated setting in the Sidi Moktar licences.
As soon as the workovers, and also any sidetrack as well as expanded well test are full, the firm plans to restore the Sidi Moktar permits (which currently expire on 28 August 2017) thereby beginning a brand-new eight year duration. The first task adhering to the revival of the Sidi Moktar permits will certainly be 2D seismic reprocessing and also the acquisition of new 2D seismic, set up for 2018, after which the much deeper pre-salt horizons can be pierced.
irooildrilling , the business's Chief Executive, commented:
" We are widely thrilled concerning Sidi Moktar with the possibility to show a commercial gas exploration, with prospective near term manufacturing and also considerable deeper exploration capacity in the pre-salt. Our monetary stamina enables us to prevent asset dilution as a result retaining a greater direct exposure to the extremely worldly much deeper benefit.
As soon as the rig has actually finished at Sidi Moktar we expect it to return to Tendrara to proceed our unlocking of the just recently proven transformational Eastern Morocco TAGI and Paleozoic plays."
2 wells have actually currently been drilled at Kechoula by previous operators and have been estimated to have an unrisked mid instance initial gas instead of 293 billion Sft3 (gross). As previously revealed by the Business, the Sidi Moktar licences are additionally estimated, similar to the Business's Eastern Morocco positions, to have significant pre-Jurassic exploration capacity from the TAGI as well as Paleozoic over of 1 trillion ft3 unrisked GOIP (gross). The Firm notes the quantitive assesment prepared by a previous driver in 1998 which described expedition capacity of the Sidi Moktar permits of as much as 9 trillion ft3 unrisked GOIP (gross) in the TAGI and Paleozoic. The Firm will need the reprocessing of existing 2D seismic, purchase of brand-new 2D seismic as well as drilling results before creating its very own quantity quotes for the exploration potential of the Sidi Moktar licences.
The firm introduces that the SAIPEM rig made use of to drill the business's newest Tendrara well (TE-8) has actually currently been mobilised to Sidi Moktar. The gear will, upon arrival in May 2017, perform the coming back as well as testing of both existing wells on the Kechoula exploration which, subject to preliminary well results, might consist of an avert and an extended well examination after that.
Provided the Business's solid economic setting, the company also reveals that it has actually made a decision not to wage the formerly introduced suggested subcontract of Sidi Moktar, and also to instead retain its 75% operated setting in the Sidi Moktar licences.
As soon as the workovers, and also any sidetrack as well as expanded well test are full, the firm plans to restore the Sidi Moktar permits (which currently expire on 28 August 2017) thereby beginning a brand-new eight year duration. The first task adhering to the revival of the Sidi Moktar permits will certainly be 2D seismic reprocessing and also the acquisition of new 2D seismic, set up for 2018, after which the much deeper pre-salt horizons can be pierced.
irooildrilling , the business's Chief Executive, commented:
" We are widely thrilled concerning Sidi Moktar with the possibility to show a commercial gas exploration, with prospective near term manufacturing and also considerable deeper exploration capacity in the pre-salt. Our monetary stamina enables us to prevent asset dilution as a result retaining a greater direct exposure to the extremely worldly much deeper benefit.
As soon as the rig has actually finished at Sidi Moktar we expect it to return to Tendrara to proceed our unlocking of the just recently proven transformational Eastern Morocco TAGI and Paleozoic plays."
