Sound Energy Confirms ‘Significant’ Gas in Third Well in Eastern Morocco
Sound Energy confirmed significant gas potential upon completing the drilling of its third gas well TE8 in the Tendrara license area in eastern Morocco, the company said.
The well, drilled to a target depth of 3,120 meters, showed that the proven hydrocarbon system in Algeria spreads into Morocco, the company said in a statement.
Sound energy confirmed to investors the availability of gas in two sequences: Westphalian sands (from a depth of 2,762 meters) and the TAGI reservoir sands (from 2,642 meters).
The news comes after the company announced recent success at the company’s first two Tendrara wells (TE-6 and TE-7). The UK-based company said that gas has been discovered at a depth of 2,643 meter in the TE-8 well, which lies 12 km away from the second well TE-7.
These gas discoveries put Morocco on track to become a player in the gas market. The wells discovered by Sound Energy are expected to be pumping gas by 2019.
Earlier in August, Sound Energy, which is a member of London’s junior market, said in a statement that the TE-6 discovery took place in a 2,665 meter well. The second well, lying only 1.6km was also found to have abundant gas.
Last December, Sound Energy PLC won regulatory approval from Moroccan authorities to take control of 75% interest in the Sidi Mokhtar onshore licenses.
Sound’s partners on Tendrara include the American oilfield services giant Schlumberger and Morocco’s Oil & Gas Investment Fund. The explorer also has assets in Italy.