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Tuesday, November 19, 2013
Longreach Oil & Gas has begun drilling the Koba-1 well on the Sidi Moktar License onshore Morocco. The well is being drilled using the Saipem Drillmec Mas 7000 rig.
The Koba-1 well has a planned total depth of 2,700 meters and operations are anticipated to take approximately 50 days. The well is targeting the Lower Liassic and Upper Triassic clastic reservoirs.
Andrew Benitz, CEO of Longreach, said: “We are delighted to announce the spudding of the Koba-1 well. The commencement of drilling marks a key step in Longreach’s operations in the Sidi Moktar permit. Longreach has carried out an extensive work program of geophysical, geological and related studies to define and de-risk the portfolio of leads and prospects from which Koba has been selected as the prime candidate for drilling. We thank our partners, ONHYM and MPE for their active support leading to the drilling of this well and we also thank the local communities and officials for their full cooperation.”
Longreach is operator with a 50% interest, alongside ONHYM and MPE, each with a 25% carried interest.
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