Joe...I think this board needs a 'chill pill', hopefully normality will return after results.
I think we all agree news is imminent, hopefully very good. I wont mention figures so not to be accused of ramping/deramping and all that nonsense but anything that moves us north has to be good. I wont mention the mother word. lol
Wessexmario.....thanks for the link, with the help of schlumberger we have stepped out 2.4km from TE-5, I suppose that's why the larger numbers are being quoted, along with the tweets etc. I'm pretty sure we are nailed on for news at some point this week, hopefully 7am tomorrow, what news we will get is another matter. Will it be flow rates or more?
Fastnet who made a pig's ear of drilling in Tendara, had a P50 of 1.4 TCF for the Tendrara field. Have a look at the detail on page 21 in this presentation: "P50 CLOSURE: 40 sq. km. GAS-DOWN-TO 2451 meters subsea, 88 meters gross gas column in TE-5"
Sound would have been aware of the above, it doesn't feel like they "only" found a P50, does it?
Natural gas imports: Morocco�s arrangement with Algeria
Gas remains a small part of Morocco�s energy import bill. It is calculated that in 2013 Morocco roughly spent US$8 billion on oil imports, US$440 million on coal and just US$350 million on gas.
Morocco is currently completely dependent on Algeria for its natural gas imports. The country�s first natural gas-fired power plant was commissioned in 2005 using gas from the Maghreb-Europe gas pipeline, which supplies Morocco with natural gas from the Hassi R�mel field in Algeria. In 2011, Morocco signed a ten-year contract with Algerian state-owned company Sonatrach for the supply of 640 million cubic metres of gas per year through the Maghreb-Europe gas pipeline.
However Algeria could prove to be an inconsistent supplier, due to the unattractive investment environment in Algeria, the dominance of Sonatrach in the market and the fact that Algeria�s export capability is forecast to fall over the next ten years.
In addition, Morocco and Algeria have a number of geopolitical differences, mainly over Western Sahara, a former Spanish colony. Most of this area was annexed by Morocco in 1975. Algeria supports and hosts the Western Saharan independence movement, the Polisario Front. Therefore it is unclear whether Morocco and Algeria will renegotiate the gas deal in 2021.
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