Proactive Investors UK
By Jamie Ashcroft
“Going forward, the key exploration challenge is finding reservoirs of commercial size and quality.”
20%-owned Cap Boujdour exploration well offshore Morocco is to be plugged and abandoned after making a non-commercial discovery.
The CB-1 well encountered 14 metres of net gas and condensate pay over a 500 metre gross reservoir interval, according to project operator Kosmos Energy.
Kosmos chief executive Andrew Inglis said: “While not a commercial find, this first well in the basin has significantly de-risked further exploration by demonstrating a working petroleum system, including the presence of a hydrocarbon charge, as well as effective trap and seal.”
“Going forward, the key exploration challenge is finding reservoirs of commercial size and quality.”
