Rigs: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals community | My Account  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

Tethys Oil Announced Drilling Rig Signed For Exploration Well Onshore Morocco

Source: www.gulfoilandgas.com 8/20/2008, Location: Africa

Share |

A drilling rig contract for the drilling of an exploration well on the Bouanane licence onshore Morocco has been entered into by the operator Dana Petroleum on behalf of the partner group including Tethys Oil and Eastern Petroleum.

The drilling rig, owned by Aladdin Middle East Ltd - Tethys’ partner in Turkey - is an American built 2,000 horsepower model with a depth capacity of 5,000 meters. The rig is currently being mobilized from Turkey to Morocco. It will first drill a well for another operator in Morocco before being mobilized to Bouanane to drill the Tafejjart-1 exploration well.

Tethys has a 12.5 per cent interest in the Bouanane licence and is carried for the first MUSD 12 of drilling cost.

“The Tafejjart-1 well offers an excellent risk reward for Tethys, with no cost for us up until 12 million dollars of drilling cost and a very large upside if the well encounters natural gas”, comments Tethys’ Managing Director Magnus Nordin.

Dana is the operator of the Bouanane licence holding 50 per cent interest, with Tethys and Eastern holding 12.5 per cent each. The Moroccan state oil and mining company, ONHYM, has a carried 25 per cent interest.

Rigs >>

Rigs News in Morocco >>

GDI Delivers Third Jack-Up Rig to QP in Qatar
  Qatar >>  10/30/2014 - Gulf Drilling International (GDI) a subsidiary of Gulf International Services (GIS) the largest oilfield services company in Qatar, announced that the...
Maersk Drilling Names World’s Largest Jack-up Rig in Norway
  Norway >>  10/29/2014 - In a ceremony held at GMC Marine Partners yard in Mekjarvik in Norway, Mrs. Anita Utseth, Senior Vice President in Det norske oljeselskab ASA (Det nor...

Hoidi's Production Unit Inks 2 Jackup Rig Legs Construction Deal with CMHI
  China >>  10/28/2014 - Offshore Engineering & Construction Company, HOIDI International Pte Ltd’s production division, Tianjin HOIDI Group Co. Ltd, have signed a GUSTO MSC C...
Karoon Takes Possession of the Olinda Star Drilling Rig
  Brazil >>  10/24/2014 - Karoon Gas Australia has now taken possession of the Olinda Star Semi-submersible drilling rig from Petrobras. ...

Savanna Signs Contract to Build Four New Drilling Rigs
  Australia >>  10/21/2014 - Savanna Energy Services Corp. has signed a contract to expand its drilling operations in Australia. Savanna will deploy four Top Drive Single ("TDS") ...
Lamprell Completed Second Caspian Sea Jackup Drilling Rig
Russia >>  10/21/2014 - Lamprell, a leading provider of fabrication, engineering and contracting services to the onshore and offshore oil & gas and renewable energy industri...



Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


Morocco Oil & Gas 1 >>  2 | 3 |

More News

Oil & Gas Projects in Morocco >>

Oil & Gas Companies in Morocco >>

Related Links

Countries Quick Links

AO BJ CD CG CI CM DZ EG ET GA GH GN GQ KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas E-Marketplace - About - Advertising - Competitive Intelligence - Talent Solutions - Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed