Oil explorer Gulfsands says the first two wells in its Rharb Centre project in Morocco have proved non-commercial.
The company drilled the first two wells of its four well programme looking for gas finds on the site.
But the Al Krima 1 well, drilled to 1613m, and the Oulad Zid 1 well, drilled to 1323m, have now both been plugged and abandoned as non-commercial discoveries.
Both were found to be predominately water bearing, but Gulfsands chief executive Mahdi Sajjad said the presence of gas in both sites gave hope for the rest of the exploration programme.
“We are encouraged to have confirmed the presence of gas in both wells, albeit in sub-commercial quantities, in wells which were located using legacy 2D seismic data or modest quality and clearly inferior to the 3D seismic data captured in our recently completed programme,” he said.
“With the steep learning curve involved in drilling these wells now behind us, and 3D seismic data soon to be available for locating the wells in the rest of our commitment well programme, we are optimistic for the prospects of building a successful commercial gas sales business in Morocco.”
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