Longreach commences drilling of Koba-1 well on Sidi Moktar
Longreach oil and gas limited, an independent oil and gas company focused on Morocco, is pleased to announce that the drilling of the Koba-1 well on the Sidi Moktar licence, onshore Morocco has now commenced, using the Saipem Drillmec Mas 7000 rig.
The Sidi Moktar licence is located in the Essaouira basin, onshore Morocco. The Koba-1 well has a planned Total Depth of 2,700m and operations are anticipated to take approximately 50 days. The Koba prospect is targeting Lower Liassic and Upper Triassic clastic reservoirs.
Commenting, Andrew Benitz, CEO of Longreach, said:
“We are delighted to announce the spudding of the Koba-1 well. The commencement of drilling marks a key step in Longreachs operations in the Sidi Moktar permit. Longreach has carried out an extensive work programme of geophysical, geological and related studies to define and de-risk the portfolio of leads and prospects from which Koba has been selected as the prime candidate for drilling.
We thank our partners, ONHYM and MPE for their active support leading to the drilling of this well and we also thank the local communities and officials for their full co-operation.”
Longreach is operator with a 50% interest, alongside ONHYM and MPE, each with a 25% carried interest.
ISSUERS OF NEWS RELEASES AND NOT OILANDGASPRESS.COM ARE SOLELY RESPONSIBLE FOR THE ACCURACY OF THE CONTENT.
Public relations, press release distribution service, investor relations, SEC filing, regulatory news,upstream, downstream,corporate announcements,technology developments and political news
www.oilandgaspress.com – The ‘one stop shop’ for global Oil and gas press releases!!!
Email: email@example.com to let us know about your events and we’ll list them free of charge. Advertise your company’s services and reach thousands of oil and gas industry executives and professionals