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.
In January 2014, the partners on the Juby Maritime licence spudded the first well offshore Morocco, the JM-1 well, which targeted the Cap Juby prospect. The well confirmed the presence of heavy oil over a gross interval of 110 metres in an Upper Jurassic carbonate reservoir. Work is ongoing to evaluate the extent of moveable hydrocarbons and how any further assessment should be conducted.
The Noble Paul Romano rig is set to drill the Nour prospect on the Sidi Moussa block, with operations expected to commence in August and take two to three months to complete. The well is targeting prospective resources of 300 mmbbls at a 20% probability of success.
Annual Report & Accounts 2013