Thursday, April 20, 2017
The rig needed to drill on Morocco’s Sidi Moktar is being mobilized to the well site according to Sound Energy. This same rig was used to drill Sound’s most recent Tendrara well, the TE-8. The Sidi Moktar is home to the Kechoula discovery.
The rig will, upon arrival in May 2017, execute the re-entering and testing of the two existing wells on the Kechoula discovery which, subject to initial well results, may include a sidetrack and an extended well test thereafter.
Sound also revealed that it has decided not to move forward with the previously announced farm-out of the Sidi Moktar licenses, and chose instead to retain its 75% operated position.
Once the workovers, and any sidetrack and extended well test are complete, Sound intends to renew the Sidi Moktar licenses (which currently expire August 28) thereby starting a new eight-year period. The first activity following the renewal of the Sidi Moktar licenses will be 2D seismic reprocessing and the acquisition of new 2D seismic, scheduled for 2018, after which the deeper pre-salt horizons can be drilled.