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Circle Oil starts 12-well drilling campaign in Morocco

Mon, 19th May 2014 07:58

AIM-listed oil and gas group Circle Oil has started its 12-well drilling programme in Morocco at its Sebou and Lalla Mimouna permits.This is the third drilling campaign in the Sebou permit and the first campaign in the Lalla Mimouna permit. Circle holds a 75% interest in both onshore permits.The work programme, which commenced with the spudding of the SAH-W1 well in the Sebou permit, initially includes the drilling of three Sebou wells followed by drilling in Lalla Mimouna.Circle said the 12 wells are targeting resources of around 25bn cubic feet of gas."Circle is very pleased to announce the start of our third drilling campaign in Morocco," said Chief Executive Chris Green."We have previously enjoyed significant drilling success in the Sebou permit and our technical team have worked hard to maximise opportunities and ensure this success continues."Circle owns the permits along with partner Office Nationale de Hydrocarbures et des Mines (ONHYM) which holds a 25% stake.BC
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