Cap Boujdour Well Offshore Morocco 'Not Commercial'

Kosmos Energy announced Monday that its CB-1 exploration well, located in the Cap Boujdour permit area offshore Morocco, has discovered 46 feet of gas and condensate pay in clastic reservoirs. However, the discovery has also been deemed non-commercial and the well will now be plugged and abandoned.

The CB-1 well was designed to open the frontier Laâyoune Basin by testing the Al Khayr prospect, but despite not being a commercial find Kosmos believes it has significantly de-risked further exploration by demonstrating a working petroleum system in the area.

Kosmos Chairman and CEO Andrew Inglis commented in a company statement:

"The well results confirm the substantial exploration potential of our 22,000 square-kilometer [8,190 square-mile] Cap Boujdour block, which includes a diverse range of independent plays and fairways with multiple prospects. Going forward, the key exploration challenge is finding reservoirs of commercial size and quality. We will analyze the information gathered from CB-1 and integrate it with the additional 3D seismic data we recently acquired to refine our exploration plan, including deciding on the location and timing of a potential second well."

Inglis added that the Atwood Achiever (UDW drillship), which was used to drill CB-1, will now proceed to Mauritania to test the Tortue Prospect.