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
Products and vendors Services and providers Jobs

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 >>

Controversial China Rig Completes Drilling Well Near Vietnam Coast
  China >>  8/24/2015 - The Chinese oil rig at the centre of last year's standoff between China and Vietnam over oil exploration in the South China Sea has completed drilling...
CIMC Raffles Completed the 9th Super M2 Jackup Cantilever Weight Test
  China >>  8/20/2015 - CIMC Raffles completed cantilever weight test of its 9th Super M2 Jackup. It’s the first time weight test on skidding jig in domestic and this milest...

Volga-Dnepr Completes Simultaneous Flights for Two Drilling Rigs
  Kuwait >>  8/13/2015 - Volga-Dnepr Airlines has completed two simultaneous IL-76TD-90VD cargo flights to ensure the fastest possible delivery of urgent mobile drilling equip...
Maersk Drilling Secures Contract for Jack-Up Rig Maersk Giant with DONG Energy
  Denmark >>  8/10/2015 - Maersk Drilling has been awarded a new contract for the jack-up rig M?rsk Giant with Danish energy utility DONG Energy. The firm contract covers 150 d...


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 GM GN GQ GW 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 B2B 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