Petroleum Africa
Find us on: 
Wednesday, September 18, 2013
In Morocco Serica Energy is continuing to plan for the Foum Draa and Sidi Moussa blocks prior to commencing drilling in October 2013 and H1 2014 respectively. The company said that the costs of both wells have been farmed-out, substantially covering Serica’s financial exposure. The Foum Draa well is targeting an operator estimated 142 mmboe of gross mean unrisked prospective resources.
Elsewhere in Africa, Namibia to be specific, the company has seen significant and encouraging progress on following the acquisition last year of 4,180 sq km of 3D seismic data in its Luderitz Basin blocks. The company said that interpretation has confirmed the presence of Prospect B exhibiting the characteristics of a large, Lower Cretaceous carbonate platform with an aerial extent of 700 sq km and a vertical closure in excess of 300 meters.
Further to this the company said that the data has also confirmed additional prospectivity in the area surveyed, including shallower four way dip-closed structures overlying Prospect B, a large canyon-channel turbidite sand system of Cretaceous age and shelf edge leads.
Serica’s seismic survey covered less than 25% of the full license area and other large prospects in the license lying outside the area surveyed have been identified from existing 2D data. The positive results of the 3D survey have enhanced the potential for these additional prospects.
Tony Craven Walker, Chairman and Interim CEO of Serica commented: “The Company is now entering a period of significant activity. Our drilling campaign kicks off in October with the spudding of our first well offshore Morocco and will be followed by a further well offshore Morocco in the first half of 2014. In Namibia, well planning activities have commenced in preparation for drilling in late 2014/15”
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
