Circle Oil announced Monday that it will abandon the NFA-1 exploration well, which is located on the Lalla Mimouna permit onshore Morocco.
Although gas shows were encountered while drilling at the targeted depth of NFA-1, the reservoir quality in the well did not meet the company's pre-drill estimates. As a result, the well will now be plugged and abandoned. NFA-1 was the third well drilled by Circle Oil on the Lalla Mimouna permit.
The rig used to drill NFA-1 will now be mobilized to drill the Ksiri South (KSS-A) exploration well in the Sebou permit in the Rharb Basin. This well is targeting two objectives in the Miocene Gaddari sands. The Sebou permit is a partnership between Circle Oil Maroc Limited, which holds a 75 percent interest and ONHYM (Office National des Hydrocarbures et des Mines), which holds a 25 percent interest.
Mitch Flegg, Circle Oil CEO, commented in a company statement:
"The NFA-1 exploration well brings to a close the first phase of drilling on the Lalla Mimouna permit. The drilling performance has been good and this phase has been finished ahead of schedule. As planned we will now return to the Sebou permit to continue our drilling operations there while we interpret the valuable data gained from the first three Lalla Mimouna wells. We will incorporate the results of these wells into our in-house subsurface models in order to identify future drilling targets in Lalla Mimouna. In the meantime we look forward to drilling the Ksiri South exploration well which has the potential to open up a new play type for the Sebou permit."
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