Tuesday, January 7

San Leon, Partners Discover Oil Offshore Morocco

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Reuters

* Sm-1 well in Sidi Moussa block offshore Morocco has encountered oil during drilling operations

Genel Energy’s SM-1 well on the Nour prospect in the Sidi Moussa block offshore Morocco has found oil and is to be well tested.

rig

Partner San Leon Energy said the well, drilling using Noble Corp.’s Noble Paul Romano semisubmersible drilling rig, reached 2825m total measured depth below rotary table and encountered oil during drilling operations. Preparations are now underway to perform cased hole testing.

Genel confirmed San Leon’s comments, but cautioned: “It is premature at this stage of operations and ahead of the forthcoming testing of the well to make any definitive technical interpretation.”

Genel Energy’s last well offshore Morocco was the Hagar Qim-1 well in Area 4. It was plugged and abandoned earlier this year after finding no hydrocarbons. The well was drilled to the Eocene.

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