Morocco: Tangiers Petroleum preparing to drill the TAO-1 well on the Tarafaya Block offshore Morocco
24 Mar 2014
Tangiers Petroleum has advised that the site survey has been completed at the location of the TAO-1 well, offshore Morocco, and is compatible for the use of a jack-up rig. A Novation Agreement has been entered into by Galp Energia on behalf of the joint venture partners to secure access to the Ralph Coffman Drilling Unit to undertake exploration drilling in the Tarfaya Block. The exploration well TAO-1 is scheduled to spud 2Q 2014.
Tangiers Petroleum has announced December 13 that the Ministries of Energy and Finance in Morocco had officially approved the assignment of a 50 per cent interest in the Tarfaya Offshore Block from Tangiers to Galp Energia. See: Tangiers receives official approval for farmout of Tarfaya Offshore Block to Galp Energia At the time, according to information on the Tangiers Petroleum web site, Galp Energia had commenced the planning of the first exploration well, TAO-1 which will optimally test the Trident Prospect and tag the Assaka and TMA objectives within structural closure (see map).
Source: Tangiers Petroleum / energy-pedia