Sound Energy has begun work on its Tendrara licence area with contracts awarded for the first well to be drilled.
Civil works have begun on site, including upgrading of local infrastructure which will be followed by the preparation of the camp and the two well pad areas.
Well contracts awarded include a binding rig deal with Saipem for a National 110 UE (1,500 HP) traditional rig. The rig is currently being prepared for mobilisation from Mauritania, which is expected to begin later this month.
Schlumberger has agreed to fund 80% of the capital expenditure of the first Tendrara appraisal well as part of a filed managagement agreement, with Sound Energy only being required to fund 20%. The first well, located some 2.4Km North East of the previously successfully drilled TE5 well, is expected to cost approximately £9.2million.
Chief executive James Parsons, said: “We expect our first Moroccan well to demonstrate that we can secure commercial flow rates at Tendrara whilst also proving up further significant volumes.
“This will be a critical well for both Sound Energy and the whole of Eastern Morocco, which is rapidly attracting interest from across the sector.”
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