Fastnet has sourced rig for upcoming Tendrara operations
Exploration company Fastnet has acquired an option to earn a 37.5% stake in eight exploration blocks in the Tendrara Lakbir onshore permit in the Atlas mountains onshore Morocco.
The permit contains a proven hydrocarbon system and several gas discoveries. The area covers just under 15,000 sq kilometres.
The farm-in deal involves drilling a well before the end of next February and formulating an outline plan of development for the gas discovery.
