Cairn assessing potential of southern Morocco offshore license

Offshore staff

EDINBURGH, UK – Cairn Energy plans to acquire 3D seismic this year on its Cap Juby Maritime license offshore southern Morocco.

The company became operator with a 37.5% interest following its acquisition earlier this year of London-based Nautical Petroleum. Other partners are Moroccan state oil company, Office National des Hydrocarbures et des Mines (ONHYM) (25%), and Barrus Petroleum (37.5%).

Water depths range from 100-1,500 m (328-4,921 ft). The license spans an area of 5,600 sq km (2,162 sq mi) and contains the Cap Juby heavy oil accumulation and other oil plays in Mesozoic sequences.

Aside from the new seismic data, Cairn aims to reprocess older data to target deeper, light oil objectives. Evaluation could lead to future drilling.

Recently, Cairn agreed to take an aggregate 50% interest from San Leon Energy, Serica Energy, and Longreach Oil and Gas in the adjacent Foum Draa block, in water depths of 500-2,000 m (1,640-6,561 ft).

Two sizeable prospects have been identified. Timing of the first exploration well is 4Q 2013 at the earliest, pending the securing of a suitable drilling rig and regulatory approvals.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...