Sound Energy All Set to Drill First Moroccan Well

Junior gas firm Sound Energy announced Monday that ground works have begun on its Tendrara license area onshore eastern Morocco. The company also said that all contracts have now been awarded for its first well on the license.

The civil works at Tendrara include the upgrading of local infrastructure, which will be followed by the preparation of the camp and two well pad areas. Sound agreed a field management agreement (FMA) with oilfield services firm Schlumberger in late December and has now confirmed that all contracts associated with the drilling of the first appraisal well at Tendrara have been awarded, including a binding rig contract with Saipem for a National 110 UE traditional rig. This rig is currently being prepared for mobilization from Mauritania, expected later this month.

Under the FMA, Schlumberger has agreed to fund 80-percent of the capital expenditure of the first Tendrara appraisal well, with Sound Energy funding the remaining 20 percent. The well is expected to cost some GBP 9.2 million ($13.5 million).

Sound CEO James Parsons commented in a company statement:

"We expect our first Moroccan well to demonstrate that we can secure commercial flow rates at Tendrara whilst also proving up further significant volumes. This will be a critical well for both Sound Energy and the whole of eastern Morocco, which is rapidly attracting interest from across the sector.

"We are delighted to be working so closely with a world class partner such as Schlumberger, and look forward to updating the market on progress."

 



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
 -  KrisEnergy Names Jeffrey Macdonald as ... (Jul 1)
 -  Searcher, BGP Complete Seismic Surveys... (Jun 30)
 -  Papua New Guinea Awards Petroleum Pros... (Jun 30)
 -  APLNG Delivers First LNG Cargo to Kans... (Jun 30)
 -  Pilot Energy Seeks Partner for Explora... (Jun 30)


Most Popular Articles

From the Career Center
Jobs that may interest you
Assistant Driller-Temporary
Expertise: Driller
Location: United States
 
Shop Foreman, Service, Technology, & Rentals-Decommissioning
Expertise: Drilling Foreman / Drilling Supervisor
Location: Morgan City, LA
 
Drilling Superintendent, International Rotation
Expertise: Drilling Manager|Drilling Superintendent|Petroleum Engineering
Location: Houston
 
search for more jobs

Brent Crude Oil : $49.68/BBL 1.83%
Light Crude Oil : $48.33/BBL 3.10%
Natural Gas : $2.92/MMBtu 2.09%
Updated in last 24 hours