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Thursday, March 12, 2015
Australian firm Pura Vida Energy expects to spud on the Mazagan Permit offshore Morocco in April. According to the company, based on the current rig schedule, it now expects the Atwood Achiever drillship to mobilize to the MZ-1 well location and spud during April.
In accordance with the schedule provided in its December quarterly report, Pura Vida advises that the Atwood Achiever has completed a well offshore Morocco and has now moved to briefly complete a well offshore Mauritania for another operator before returning to handover to the Mazagan JV.
MZ-1 will target the Ouanoukrim Prospect, which has total gross unrisked mean prospective resources of over 1.4 billion barrels, with a high case of over 3.0 billion barrels. Pura Vida is carried for its 23% interest in the MZ-1 well for up to $215 million.
Pura Vida’s Managing Director, Damon Neaves, said: “We look forward to receiving handover of the Atwood Achiever Drillship to commence our first well offshore Morocco. The MZ-1 well is targeting a series of up to five stacked targets in both the Cretaceous and Jurassic. A discovery will be transformational for Pura Vida.”
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