UK-based upstream gas company Sound Energy is set to begin a three well exploration drilling programme in Eastern Morocco.
Under the new exploration programme, the company is planning to drill three wells back to back to target high-impact locations with significant exploration potential.
The company aims to unlock its internally estimated unrisked gross gas originally in place (GOIP) exploration potential volumes across its Eastern Moroccan acreage of 17 trillion cubic feet (tcf) mid case, 31Tcf upside case, and 9Tcf low case.
Sound Energy CEO James Parsons said: “The three well exploration programme we are announcing today has the potential to significantly increase the core value of our Moroccan acreage and to establish Eastern Morocco as a prolific but low-cost gas province, on the doorstep of large and growing energy markets.”
Each well is expected to cost around $10m and will span several target types across structural and stratigraphic traps and Triassic and Paleozoic reservoirs.
In addition to its geophysical programme comprising aerial gravity gradiometry, 2D seismic surveys, 2D seismic reprocessing and geological studies, the company intends to expedite its exploration drilling programme in an attempt to increase its discovered volumes in Eastern Morocco.
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By GlobalDataThe company, along with its partners, holds a total estimated gas exploration acreage of 1.03Tcf GOIP over the greater Tendrara, TE-5 Horst and Lakbir and TE-4 highs.