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Pura Vida Provides an Operations Update in Morocoo

Source: www.gulfoilandgas.com 2/5/2014, Location: Africa

Explanation of the relevance of 7 wells to be drilled in the blocks surrounding Pura Vida’s Mazagan Permit offshore Morocco in 2014/15.

Morocco Drilling
Morocco has seen a surge in transactional activity over the past two years. This has included majors such as Chevron and BP taking up large offshore acreage positions in blocks neighbouring Pura Vida’s Mazagan Permit. Following these transactions, Morocco is now set to see an unprecedented level of drilling activity.

Drilling has already commenced with Cairn Energy operating the Cajun Express 5th generation semi-submersible drilling rig for a multi-well campaign.

The rig is now drilling in the Juby Maritime III block targeting a Middle Jurassic carbonate prospect below the Cap Juby oil discovery in the Upper Jurassic.

The table below indicates Pura Vida’s interpretation of the relevance of nearby offset drilling. The locations of these wells are also marked on the map below.

Well/Block Company Timing Play Relevance
Eagle-1 Kosmos Q1 2014 Lower Cretaceous Cretaceous prospects in Mazagan for second well
Cap Juby Cairn Feb 2014 Jurassic field appraisal Evidence of oil source
Trident-1 Galp July 2014 Jurassic exploration Evidence of oil source
Nour-1 Genel Oct/Nov 2014 Jurassic exploration Evidence of oil source
Mir Left Genel 2H 2014 Jurassic exploration Evidence of oil source
Boilers-1 Kosmos 2H 2015 Lower Cretaceous (Cretaceous prospects in Mazagan for second well)
FD-1 Cairn Jan 2014 Lower Cretaceous (Dry hole illustrates the need to have DHI/seismic evidence of reservoir as seen in Toubkal)

For more information about related Opportunities and Key Players visit North Africa Projects

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