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
Genel's licences offshore Morocco specifically focus on the proven hydrocarbon associated with Jurassic carbonates.
Our acreage position offshore Morocco consists of three licences, Juby Maritime, Sidi Moussa and Mir Left, spanning some 16,500 sq km.
In March 2014, the JM-1 exploration well on the Juby Maritime licence (Genel 37.5% working interest) was plugged and abandoned without testing after reaching a total depth of 3,711 metres. The well confirmed the presence of heavy oil over a gross interval of 110 metres as originally tested in the 1968 MO-2 well, some two kilometres from the JM-1 well. Work continues to evaluate the potential for moveable hydrocarbons in the Upper Jurassic Cap Juby discovery.
In November, the SM-1 well on the Sidi Moussa permit (Genel 60% working interest and operator) was plugged and abandoned after being drilled to a total depth of 2,825 metres. The well encountered oil in fractured and brecciated cavernous Upper Jurassic carbonates. In the course of well control operations, 26 degree API oil was produced to surface. A subsequent testing programme over the same interval failed to produce oil at sustainable rates. Further evaluation of the well results and other sub-surface information is required before any definitive conclusions can be drawn.