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Sunday, February 11, 2018
Sound Energy released the details of its 2018 work program in Morocco. During the coming year, the company intends to launch a three-well exploration campaign in eastern Morocco, subject to partner approvals. Those three wells will be the TE-9, TE-10, and the TE-11.
The TE-9, expected to spud July 2018, is targeting the A structure northeast of the TE-5 Horst. The company said the estimated mid-case GOIP volumes are 0.7 Tcf, with an upside of 1.2 Tcf. This well will have two objectives, firstly to discover commercial quantities of gas in the TAGI reservoir and secondly an opportunity to target a potentially similar volume in the underlying Paleozoic.
The second well, the TE-10, will likely spud in September. It is targeting the North-east Lakbir and is designed to target a TAGI stratigraphic pinch-out play, with currently estimated volumes of 2.6 Tcf mid case, GOIP.
A third well, TE-11, likely a Palaeozoic well, has a potential spud target of November 2018. The location for this well will be finalized following receipt of the phase 2 and phase 3 seismic.
Sound is also considering a re-drill of the TE-2 well, targeting a TAGI stratigraphic pinch-out play. This option is under evaluation as an additional exploration well (with estimated mid case estimated volumes of 1.4 Tcf GOIP).
These exploration wells, which of course remain under review as the latest seismic data is received, will span multiple target types across both structural and stratigraphic traps and Triassic and Palaeozoic reservoirs. Each of the wells will take approximately 60 days. In anticipation of drilling the TE-9 well, the completion of the environmental impact assessment is expected imminently, and the company will commence ground works in April.
Sound also confirmed that the final data processing of 22,800 sq km of recently acquired aerial gradiometry data has now been completed and that the modelling of that data is expected to conclude by the end of the month. This coverage spans the entire Tendrara, Matarka and Anoual permits, and it is already leading to important insights into the basin structure and petroleum systems modelling, particularly in the TAGI and underlying Palaeozoic plays.
Seismic acquisition is also underway, with over 30% of the planned 2,900-line km survey already completed. The seismic will provide additional important insights into the basin and is being used to delineate and de-risk new exploration targets for drilling.
Once completed, the seismic survey will extend over a quarter of Sound Energy’s Eastern Moroccan acreage, which contains at least half of the company’s prospect and lead portfolio.
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