Petroleum Africa
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Sunday, January 28, 2018
Genel Energy updated its operations in Africa, specifically onshore Somaliland and Morocco. In Somaliland the company saw the acquisition of 2D seismic data on the
SL-10B/13 and Odewayne, where it is the operator, completed.According to the company this is the first time that seismic has been obtained in this highly prospective area
for over 25 years.
The project acquired c.3,150 km in total, including infill 2D seismic acquisition of targeted high-graded areas. Processing of the data has commenced, and will facilitate
seismic interpretation and the associated development of a prospect inventory, in turn guiding the optimal strategy to maximize future value
In Morocco, as announced in November 2017, Genel’s prior commitment to drill one well on the Sidi Moussa license, offshore Morocco (Genel 60% working interest), has
been replaced by an obligation to carry out a 3D seismic campaign across the Sidi Moussa acreage, significantly reducing anticipated expenditure. Planning is ongoing, with
seismic acquisition set to begin in 2018, which is expected to materially de-risk the prospectivity of the Sidi Moussa license
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