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Thursday, July 6, 2017
Sound Energy saw another drilling success in Morocco, this time with its Koba-1 well on the Sidi Moktar licenses. The company successfully re-entered, completed, perforated and flared gas at surface from the Argovian reservoir (historically the main producing reservoir in the Kechoula discovery).
A five-meter interval was perforated in the Argovian reservoir at a measured depth of 1,406 meters where the static pressure was measured at 98 bar, confirming a producible gas accumulation. The company has now temporarily suspended the well in preparation for a rigless extended well test – after which it hopes to move rapidly to production.
The Koba-1 well, drilled at the crest of the Kechoula discovery, is close to existing infrastructure and gas demand, including the large-scale Moroccan state owned OCP Phosphate plant.
The company believes the Sidi Moktar licenses also contain significant pre-salt potential and notes the quantitive assessment prepared by a previous operator in 1998 which referred to exploration potential of the Sidi Moktar licenses of up to 9 Tcf unrisked gas originally in place (gross) in the TAGI and Paleozoic. The Company will require the reprocessing of existing 2D seismic, acquisition of new 2D seismic and drilling results before forming its own volume estimates for the exploration potential of the Sidi Moktar licenses.
While the well was a success Sound advised that due to poor quality cement bonding across the Lower Liassic in the Koba-1, and likely the Kamar-1, wells, it no longer intends to immediately re-enter the Kamar-1 well (subject to agreement with the regulatory authorities). The Lower Liassic at Kechoula will therefore be evaluated at a later date together with the deeper pre-salt.
As a result, the rig will be immediately released from Sidi Moktar and will likely return to the company’s licenses in eastern Morocco.
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