Greater Tendrara – two Triassic TAGI1 discoveries
Petroleum Agreement: Exploration
01 October 2018
Exploration potential in the Triassic TAGI reservoir of 7.97 Tcf gross/5.98 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
Surrounds the Tendrara Production Concession.
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 eight wells drilled across the entire area, all encountered evidence of a petroleum system.
Two Triassic TAGI gas discoveries:
Exploration potential in the Triassic TAGI reservoir of 7.97 Tcf gross/5.98 Tcf net (mid-case un-risked GIIP2) identified in sub-salt concepts, leads and prospects.
Number of targets available for near term drilling.
All work commitments completed for the current period. The next voluntary period commences mid-September 2022 with one well commitment to be drilled before September 2024.
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.