Sidi Moussa Well Offshore Morocco Finds Oil

The Genel-operated SM-1 well in the Sidi Moussa block offshore Morocco has encountered oil after reaching a total depth of approximately 9,270 feet, according to Serica Energy.

Serica added that preparations are underway to perform cased-hole testing at SM-1.

Serica CEO Tony Craven Walker commented in a company statement:

"We are at a very early stage and the presence of hydrocarbons in this frontier block will require further evaluation. At this stage it is premature to make any definitive technical interpretation. The planned well test is being designed to achieve this objective as far as possible and an update will be released once these operations are concluded."

Serica holds a five-percent in interest in the Sidi Moussa block, while Genel has a 60-percent stake.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Petrofac Suspends Group Chief Operatin... (May 25)
 -  EnQuest On Track For Kraken First Oil ... (May 25)
 -  Energean Signs Lease Agreement for Exp... (May 25)
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
United States New Iberia: Field Prof-General, L&P Seismic
Expertise: Geologist|Seismic |Software Specialist
Location: New Iberia, LA
 
Solids Control Technician
Expertise: Process Control|Rig Instrument Tech
Location: Dilley, TX
 
Wireline Engineer - Broussard, LA
Expertise: WellSite Supervisor|Wireline|Wireline Logging
Location: Broussard, LA
 
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours