Predator Oil & Gas Holdings Plc (PRD), which operates Guercif in a joint venture (75%) with the National Office of Hydrocarbons and Mines (“ONHYM”) acting on behalf of the State (25%), announced the completion of drilling for MOU-1. MOU-1 drilling operations were completed and cemented completion was performed during well appraisal.
The Guercif Permit is located onshore in Morocco and includes four Exploration Permits, I, II, III and IV, covering an area of 7,269 km² and is located approximately 250 kilometers east and in the direction of the Rharb basin. where shallow gas production has been established by SDX Energy Plc for several years. Guercif is also located approximately 180 kilometers northwest of Tendrara, where gas discovered at depth is currently being assessed and potentially developed by Sound Energy Plc.
Predator, the Jersey-based oil and gas company operating in the Guercif Oil Accord area, unveiled its initial findings by broadcasting that hints of formation gas have been recorded in shallow sand at a measured depth of 605 meters (“MD”) comprising 2.35% or 19,392 ppm of C1 methane. Total background noise, exclusively dry gas, fell from 0.6% to 1.7% (5,232 to 13,800 ppm C1) up to 1,159 meters MD. Formation gas showings of 1.8% and 3.8% (13,355 to 36,035 ppm C1) were encountered during drilling of this section.
Below 1,159 meters in the lower Guebbas and Hoot (according to the stratigraphic nomenclature of the Rharb basin) the total background gas was 0.7% to 1.5% (5,000 to 11,996 ppm C1) but with traces of heavier gases C2, C3 and C4. Formation gas emissions of up to 1.67% (13,643 ppm of total gas) have also been recorded.
The cable logs were run from 724 to 1,487.4 meters MD during the interval with gas emissions said the press release on Tuesday, July 6. Also, the presence of good gas was found in MOU-1 with evidence of thermogenic gas migration in this part of the Guercif basin.
Based on these positive results, the Company will propose to its partner to drill the previously defined location of MOU-4 later this year northeast of MOU-1, and to commission an environmental impact study (EIA). on the potential area around the MOU. -4 location which will also integrate information from the existing EIA.
Predator Oil & Gas Holdings Plc CEO Paul Griffiths, who made no secret of his satisfaction, said on occasion, “We are delighted to have completed the MOU-1 drilling operations which were our first well operated in the Kingdom of Morocco. We sincerely thank the people under contract with the Company who worked tirelessly to execute our drilling program. We are also grateful for the support and practical assistance provided to us by our partner ONHYM during and upstream of the drilling. Based on the positive indications of the presence of gas in MOU-1, we are now proposing to drill again later this year ”.