Vanco Begins Deepwater 3-D Seismic Survey Offshore Morocco

Vanco Morocco Ltd. has commenced a 700 square kilometer 3-D seismic acquisition program offshore Morocco over the deepwater Safi Haute Mer Permit. This permit is held under a Petroleum Agreement signed with the Government of Morocco on 24 October 2000 and has an area of over 5 million acres.

The purpose of the seismic program is to confirm the up-dip salt-delimited closure of a huge Jurassic prospect named Paprika. A discovery at this location would be ideal since it could first satisfy the Moroccan market and then be accessible to Europe via a pipeline across Gibraltar to Spain.

Vanco has contracted the PGS Viking vessel to acquire the seismic and expects the survey to be completed within 30 days.