Petroleum Africa
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Wednesday, August 8, 2018
In its Half Year Results Genel Energy updated its activities in Africa, specifically, Somaliland and Morocco. Onshore Somaliland, the processing of around 3,500 km of raw 2D seismic data on the SL-10B/13 (Genel 75% working interest, operator) and Odewayne (Genel 50% working interest, operator) is almost complete, with analysis and interpretation underway.
The company said that evidence of a thick Mesozoic rift basin continues to provide encouragement, and the first analysis of this highly-prospective region in over 25 years is expected to complete in Q4. A prospect inventory will then be developed, guiding the optimal strategy to maximize future value, with the potential to spud a well around the end of 2019.
In Morocco the 3D seismic campaign on the Sidi Moussa license, where the company holds a 75% interest and is operator, has begun. Seismic acquisition is expected to be completed in the middle of Q4 2018. Fast-track processing will begin ahead of the completion of this acquisition, as Genel de-risks the license and assesses future activity.
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