San Leon Energy is one step closer to leveraging its Moroccan stake.
The firm, which focuses on oil and gas exploration in Europe and Africa, has struck a deal with Entrepose Drilling for the Cabot 750 rig.
The rig will now be deployed to Morocco’s El Auiun-4 onshore well.
Executive chairman Oisin Fanning said: “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.”
The well is expected to be spud in August. It will be drilled to 2,000 metres below the rotary table with good reservoir properties expected.