Our operations in Morocco
Three offshore blocks:
- Juby Maritime Interest: 37.5% (Cairn Energy 37.5%, ONHYM 25%)
- Sidi Moussa Interest: 60% (Serica, San Leon & Longreach 15%, ONHYM 25%)
- Mir Left Interest: 75% (ONHYM 25%)
- Gross acreage 16,489 square km
Through a combination of farm-in and corporate acquisitions, Genel is establishing a material position in Morocco. We are specifically focusing on the proven hydrocarbon system in offshore Morocco associated with Jurassic carbonates. Our positions are underexplored and offer exciting exploration prospects in a frontier area.
Our acreage position offshore Morocco consists of three licences, Juby Maritime, Sidi Moussa and Mir Left, spanning some 16,500 sq km. Exploration activity to date has focused on the potential for oil accumulations in Jurassic aged rocks, although a deeper pre-salt play in the Triassic is also under evaluation. In total, around 1,940 sq km of 3D seismic has been acquired across the Morocco licence position ahead of the drilling campaign.
In January 2014, the partners on the Juby Maritime licence spudded the JM-1 well, which is targeting the Cap Juby prospect. The primary target of the well is a Middle Jurassic carbonate play, where prior drilling has indicated the presence of a working hydrocarbon system. The secondary target is appraisal of the existing Upper Jurassic heavy oil discovery. Drilling operations continue with a result expected in the second quarter of 2014.
Exploration wells are planned on both the Sidi Moussa and Mir Left licences during 2014 using the Noble Paul Romano semi-submersible rig. On the Sidi Moussa licence, the most likely target is the Nour prospect. On Mir Left, prospect maturation is currently ongoing.
Positioned for growth
Annual Report & Accounts 2012