Predator Oil & Gas Holdings Plc, the Jersey-based oil and gas company with operations in Trinidad, Morocco and Ireland, has started that preparations for drilling MOU-1 in the Guercif licence onshore Morocco
Further progress has been made on implementing the Company's forward work programme for the Pilot CO2 EOR Project (Pilot CO2 EOR) in the Inniss-Trinity field onshore Trinidad.
Paul Griffiths, CEO of Predator Oil & Gas Holdings Plc, commented, “In Morocco, we are excited to be in a position to execute the drilling programme as previously announced. Perseverance in Ireland based on the Company's innovative FSRU LNG concept is paying off as issues regarding security of energy supply have now been crystallised in real terms by recent events. Despite COVID-19, we have continued to make substantive progress, whilst maintaining a sensible balance between risk - reward, and through deploying working capital judiciously, but to maximum effect, over diverse yet equally material projects,” Griffiths further added.
In the Guercif MOU-1 drilling programme,
• Operational planning for the MOU-1 well in the Guercif Petroleum Agreement area has commenced and is on schedule.
• The MOU-1 well pad construction is being prepared for April 2021.
• The drilling and well engineering program is being reviewed internally before release for the purposes of third party audit and any recommended modifications.
