It estimates the gross mean prospective resource at 142mln barrels of oil, and it says there is follow on potential of a further 126mln barrels.
Cairn has a 50% stake and it is the operator of the venture, AIM quoted San Leon and Serica Energy are also partners owning 14.1667% and 8.333% respectively, while Toronto listed Longreach (CVE:LOI) has a 2.5% interest. Moroccan state oil firm ONHYM retains a 25% interest in the project as well.
Meanwhile Cairn also said plans are underway for the Juby Maritime venture, a 50:50 partnership with Genel Energy (LON:GENL), targeting the first well in late 2013 or early 2014.
The update on Moroccan projects came as part of a broader operations update, in which it also highlighted its other frontier exploration opportunities in Senegal and offshore Ireland.
Cairn says across its whole project portfolio it has 61 prospects and 124 leads.
Cairn Energy prepares for drilling in Morocco
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