Petroleum Africa
Find us on: 
Friday, August 1, 2014
San Leon Energy was advised by the operator of the Sidi Moussa Block offshore Morocco, Genel Energy, that the SM-1 well has been spud on the Nour Prospect. The well is being drilled by the semi-submersible rig the Noble Paul Romanoand was spud on July 30.
The SM-1 well is located 60 km off the west coast of Morocco in approximately 990 meters of water and is expected to take between 60-90 days to drill.
Genel as operator holds a 60% stake in the Sidi Mousa and San Leon holds an 8.5% stake, Other partners are Serica Energy with a 5% stake, Longreach Oil & Gas with a 1.5% stake and ONHYM with a 25% interest.
San Leon is carried on the drilling costs of the SM-1 well up to a gross cap of $50 million.
Oisin Fanning, San Leon chairman commenting on the spud said: “Morocco remains one of the last under-explored regions of North Africaand the spudding of the SM-1 exploration well is another step towards our understanding of this basin’s hydrocarbon potential.”
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
