Our exploration asset in Eastern Morocco: Anoual
Petroleum Agreement: Exploration
31 August 2018
9 years 4 months
Exploration potential in the Triassic TAGI reservoir of 11.48 Tcf gross/8.61 Tcf net (mid-case un-risked GIIP) identified in sub-salt concepts, leads and prospects
Operator with an effective interest of 75%
ONHYM holds the remaining 25% interest
Located for access to Gazoduc Maghreb Europe ("GME") pipeline approximately 120 kilometers to the North. The 522 kilometres long Moroccan section is owned by the Moroccan State and operated by Metragaz. The pipeline connects Morocco to the Spanish/Portuguese gas grids.
Only one well drilled across the entire area.
Committed geophysical surveying completed with a single well commitment remaining.
Exploration potential in the Triassic TAGI1 reservoir of 11.48 Tcf gross/8.61 Tcf net (mid-case un-risked GIIP2) identified in sub-salt concepts, leads and prospects.
"M5" prospect matured for drilling a TAGI target, operational planning progressing.
1Trias Argilo-Gréseux Inférieur (‘TAGI') are sandstones deposited in a fluvial-alluvial environment and are significant oil and gas reservoirs across Algeria, extending into Morocco.
2Internal exploration potential estimates, unrisked original gas in place