A significant gas discovery and a potential single gas column was discovered at the European and Mediterranean-focused upstream gas company, Sound Energy's Tendrara license, onshore Morocco, the company announced Monday.
The statement read that the gas encountered by the company's onshore Tendrara well, TE-6, made a significant gas discovery which is notably above initial expectations and represents “a highly commercial rate” of 17.5 million standard cubic feet per day.
The Tendrara permit is located in northeast Morocco, connecting Algeria and Morocco to the Spanish and Portuguese gas grids. The permit area, sub-divided into eight blocks, covers a combined area of 14,500 square kilometers.
Sound Energy has a net effective interest of 27.5 percent in the Tendrara license. The company is partnering with the American oilfield services giant Schlumberger and Morocco’s Oil & Gas Investment Fund in Tendrara.
The company also said that together with Schlumberger, it is now preparing for the second well at Tendrara (TE-7, located approximately 1.3km from TE-6) and is planning a third later this year.
'I am absolutely delighted to confirm a material commercial gas discovery at Tendrara,' said James Parsons, chief executive officer of Sound Energy.
'I believe Tendrara, Meridja and the Eastern Morocco TAGI (Trias Argilo-Gréseux Inférieur reservoir) play have the potential to be a material hydrocarbon province on a regional scale and therefore to transform both Sound Energy and the Moroccan gas industry,' he added.
By Ebru Sengul
Anadolu Agency
ebrusengul@aa.com.tr