Predator Oil & Gas Holdings Plc is advancing work on the MOU-6 drilling site in Morocco as the company prepares to launch the next phase of its exploration programme in the country.
The Jersey-based oil and gas company said site preparation and civil engineering activities at MOU-6 are progressing, with drilling and subsequent well-testing operations in Morocco expected to be completed by early November. The programme is part of Predator’s broader exploration campaign spanning Morocco and Trinidad, where the company is targeting reservoirs with the potential to significantly strengthen its asset portfolio if commercial hydrocarbon flows are confirmed.
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Execution phase
Predator Chief Executive Paul Griffiths said the company had moved its drilling plans into the execution phase after facing logistical challenges associated with disruptions to international supply chains. According to the company, the upcoming operations are designed to provide a clearer assessment of its reservoir prospects and determine whether the targeted formations can produce hydrocarbons at commercially viable rates.
The MOU-6 well is consequently expected to be an important test for Predator’s Moroccan operations. Successful drilling and well-testing results could reduce uncertainty around the resource potential of the company’s assets and support decisions on further development. Predator is pursuing the Morocco and Trinidad campaigns as potentially high-impact exploration programmes, although the ultimate value of the assets will depend on the results of drilling and testing activities.
The company expects work in both countries to be completed by early November. Results from the programmes will help determine the commercial potential of the targeted reservoirs and guide Predator’s future investment and development strategy. The Morocco campaign comes as the company seeks to advance its exploration portfolio from identified geological targets toward assets capable of demonstrating sustained commercial hydrocarbon production. A positive outcome at MOU-6 could therefore provide a significant boost to Predator’s assessment of its Moroccan portfolio, while unsuccessful or weaker-than-expected results would provide important information for reassessing the development potential of the targeted reservoirs.
