Petroleum Africa
Find us on: 
Friday, May 23, 2014
TAO-1 Set to Spud in June
Tangiers Petroleum reported that drilling of the TAO-1 well offshore Morocco is set to commence drilling in mid-to-late June. Tangiers said that the rig, the Ralph Coffman jack-up, has now mobilized to the well site location. The company believes the well could possibly be a company-maker, having the potential to contain 190 million barrels of net best estimate unrisked prospective resource (gross unrisked best estimate 758 million barrels) as independently certified by NSAI in 2011.
Tangiers has a 25% participating interest in the Tarfaya Offshore Block, which is being operated by Galp Energia which has a 50% interest. The remaining 25% interest is held by state-run firm ONHYM, which is carried through the exploration phase. The TAO-1 well is located within a proven petroleum system, adjacent to the Cap Juby discovery and is targeting three stacked objectives.
Tangiers MD, Dave Wall, said he believed TAO-1 was a highly attractive prospect for Tangiers’ shareholders. “It is a very large structure located in shallow water within a proven play fairway and adjacent to an existing oil discovery,” Wall said, “All the ingredients required for exploration success are present in the region, giving Tangiers, and its shareholders, a good chance of success at TAO-1.”
" 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">
