San Leon Energy signs rig contract in Morocco

onshorerig-thintruman-flickrThe rig will take around 30 days to reach total depth of around 2,000 metres below rotary table. (Image source: ThinTruman/Flickr)San Leon Energy has signed a rig contract for the drilling of the El Aaiun-4 well on the Tarfaya licence onshore Morocco

The rig contract has been signed with Entrepose Drilling for the Cabot 750 rig, and the well is expected to spud in the second half of August 2015. It will take around 30 days to reach total depth (TD) of around 2000 metres below rotary table. The reservoir target is Tertiary channel sandstones, with good reservoir properties expected, and the surface location is approximately 14 Km from a gas market (El Marsa OCP phosphate processing plant, near Foum el-Oued).

San Leon executive chariman Oisin Fanning said, “As previously stated, one of our main priorities this year has been to commence drilling the onshore Tarfaya well, El Aaiun-4, and the rig contract with Entrepose Drilling brings us one step closer to this. We look forward to the near-term drilling of the El Aaiun-4 well, with its structural location updip of gas encountered in an older well, as well as its proximity to the gas market and other nearby similar channel targets for follow-on wells. We believe this well has significant potential and we shall update the market when the El Aaiun-4 spuds.”

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