Sector News

San Leon moves ahead with Morocco plans

July 2, 2015
News
San Leon Energy is one step closer to leveraging its Moroccan stake.
 
The firm, which focuses on oil and gas exploration in Europe and Africa, has struck a deal with Entrepose Drilling for the Cabot 750 rig.
 
The rig will now be deployed to Morocco’s El Auiun-4 onshore well.
 
Executive chairman Oisin Fanning said: “One of our main priorities this year has been to commence drilling the onshore Tarfaya well, El Aaiun-4, and the rig contract with Entrepose Drilling brings us one step closer to this. We look forward to the near-term drilling of the El Aaiun-4 well, with its structural location updip of gas encountered in an older well, as well as its proximity to the gas market and other nearby similar channel targets for follow-on wells. We believe this well has significant potential and we shall update the market when the El Aaiun-4 spuds.”
 
The well is expected to be spud in August. It will be drilled to 2,000 metres below the rotary table with good reservoir properties expected.
 
By Rita Brown 
 
Source: Energy Voice

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