Canada-listed Longreach Oil & Gas has announced that it has spud a well at its Sidi Moktar Licence Area in Morocco’s Essaouira Basin
The Koba-1 well is currently being drilled by the Saipem-owned rig Drillmec Mas 7000 to a planned total depth of 2,700 metres.
The prospect is targeting Lower Liassic and Upper Triassic clastic reservoirs with operations expected to take about 50 days, Longreach Oil & Gas said in a statement.
Andrew Benitz, chief executive of Longreach Oil & Gas, said, “The company has carried out an extensive work programme of geophysical, geological and related studies to define and de-risk the portfolio of leads and prospects from which Koba-1 has been selected as the prime candidate for drilling.”
Longreach Oil & Gas has a 50 per cent working interest and is operator of the Sidi Moktar Exploration Licence Area. Partners Moroccan state energy company ONHYM and Maghreb Petroleum Exploration hold a 25 per cent carried interest each.
