Longreach Oil and Gas (LOI-V) has commenced drilling the Koba-1 well on the Sidi Moktar licence, onshore Morocco.
Nov 18, 2013 - News Release
Longreach Oil and Gas Ltd. has commenced drilling the Koba-1 well on the Sidi Moktar licence, onshore Morocco, 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 2,700 metres and operations are anticipated to take approximately 50 days. The Koba prospect is targeting Lower Liassic and Upper Triassic clastic reservoirs.
Commenting, Andrew Benitz, chief executive officer of Longreach, said: "We are delighted to announce the spudding of the Koba-1 well. The commencement of drilling marks a key step in Longreach's operations in the Sidi Moktar permit. Longreach has carried out an extensive work program of geophysical, geological and related studies to define and derisk 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-per-cent interest, alongside ONHYM and MPE, each with a 25-per-cent carried interest. |
