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Tuesday, March 4, 2014
Pura Vida reported that a rig share agreement has been executed with Kosmos Energy for the drilling of two wells in the Freeport-McMoRan Oil & Gas-operated Mazagan permit offshore Morocco. The rig share agreement is for the drillship Atwood Achiever. The Atwood Achiever is contracted to Kosmos under a long term hire arrangement.
Under the rig share agreement with Kosmos, two slots have been assigned for the drilling of wells in the Mazagan permit. The first of these slots will be used to drill the Toubkal-1 well and is expected to commence in January 2015. The second slot will be in 2H 2015.
Pura Vida’s MD, Damon Neaves, said: “We are now two years into the work program for the Mazagan permit. Securing the rig for the two well drilling campaign is a major milestone which allows us to test key prospects and provides the opportunity for an early assessment of the value of the permit.”
Pura Vida Energy farmed out the Mazagan permit to a subsidiary of Freeport-McMoRan Oil & Gas (formerly Plains Exploration & Production) in 2013.
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