Wed. Nov 13th, 2024

Morocco and a British company have begun gas exploration in some areas after Algeria stopped renewing the contract to invest in the gas pipeline to supply Algerian gas to Spain through Moroccan territory.

The British company “SDX Energy” announced the start of gas production in a well bearing the code KSR-21 near the city of Kenitra, after the success of drilling experiments conducted last January, and was able to connect the well to the existing infrastructure, and the British company began investing gas fields discovered in the northwest of the country with the approval of the Moroccan government.

SDX Energy owns 75% of its Moroccan portfolio, which includes exploration licenses, concessions, and gas wells, while 25% remains for the competent Moroccan institution, the National Office of Hydrocarbons and Minerals.

The company was able to market gas to eight customers at contractual prices ranging from US$10 to US$12 per cubic foot.

The exploration licenses covered various areas in Morocco, including the central Sebou region and the West region, as well as a number of exploitation concessions containing production wells.

Since 2017, the company has implemented an active drilling program in the West Basin, which has achieved a success rate of more than 80% to date, and the volume of recoverable gas resources in these wells is estimated between 2.2 and 2.8 billion cubic feet.

 

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