Circle Oil PLC Spuds Second Well in Sebou

Circle Oil PLC Spuds Second Well in Sebou

drilling oil
Circle Oil PLC Spuds Second Well in Sebou.

Circle Oil has spudded the second well in the Sebou permit, part of its third drilling campaign.

The company said that depending on progress rates, the well is expected to take approximately 30 – 35 days to drill.

According to a press communiqué from the company, “the 12 locations initially chosen for the campaign are targeting accumulations similar to the existing producing geological intervals in the Sebou permit. This second well will test a dipping fault bounded sand lens at 1,021 metres MD in the Guebbas Formation within which many of the previous discoveries have been successfully drilled.”

PLC’s CEO, Prof Chris Green, said that “Circle is very pleased to announce the start-up of our second well in the third drilling campaign in Morocco. We again thank our partner ONHYM for its continuing support and assistance as we continue our joint work programme.”

It is worth reminding that both the Sebou and Lalla Mimouna permits are a partnership between Circle Oil Maroc Ltd (75%) and ONHYM (Office National des Hydrocarbures et des Mines) (25%).

The Moroccan Times.