Genel Energy, partners strike oil offshore Morocco

摘要

Cape Town-UK-listed Genel Energy and two partners said they struck oil at the Sidi Moussa block offshore Morocco, but more testing will be needed to determine the size of the find. San Leon Energy, which has a 10% stake in the block, said the well has reached a total depth of 2,825 meters and encountered oil during drilling operations. “Testing the Sidi Moussa-1 well aims to evaluate the structure and its hydrocarbon potential as much as possible at this stage of early exploration, and we look forward to updating the market with the results once these are available,” San Leon CEO Oisin Fanning said.