Petroleum Africa
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Tuesday, August 26, 2014
San Leon Energy issued an update on its activities in North Africa’s Morocco. The company saw the first oil shale produced from its Timahdit permit during Enefit Bench Tests. Oil successfully flowed from the Enefit retort process, and while tests and analysis are ongoing, the initial results are very encouraging. Final results will be utilized to update the project feasibility study and enable consideration of the upgrading options for the raw oil.
Surface and core sampling of oil shale from the Timahdit was completed earlier this year. The samples are currently the subject of bench tests at the EOT/Enefit facility in Frankfurt to confirm the quality of the various layers of oil shale, and the oil yield possible from those layers.
San Leon also saw a well spud on the Nour prospect offshore Morocco. The well is targeting 300 million boe.
The company also reported that as part of its asset optimization strategy it has exited more than one license, worldwide. It has exited Germany, Slovakia, and in Poland nine concessions have been partly or fully relinquished. In Morocco the company relinquished the Tarfaya oil shale license. San Leon said that its Timahdit license offered greater oil shale potential.
Oisin Fanning, San Leon executive chairman, commented: “Our Timahdit oil shale project continues to show its long-term potential to generate up to 11,000 bpd for 30 years and the current work is designed to build the business case to attract capital investors. With the Nour well, offshore Morocco, also currently being drilled, we are excited by the potential for abundant newsflow and look forward to updating the market in due course.”
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