Satisfactory Amount of Natural Gas Discovered in Morocco

The Irish exploration company Circle Oil, which focuses on the North African reserves, said it found satisfactory amount of gas in the West Ksiri well in the Sebou area.

The company said it had reached a stabilized rate of 0.05 million cubic meters per day in the area of ​​onshore licenses of Lalla Mimouna.

Following this discovery, the President of Circle Oil said in a statement that “the rates obtained during the well testing are at the upper end of our guidance range and the well will now be linked to our existing infrastructure and put into production as soon as possible.

This gas will be sold at fixed rates that are not subject to fluctuations in oil prices. “He added:” We are delighted that our first well on the block Lalla Mimouna test positive in gas flowing at significant levels. The productivity of this first well is very encouraging for the expansion of the portfolio of Circle Oil for gas in Morocco. ”

Morocco is one of the West African countries that have attracted the interest of international energy companies eager to tap into the unexploited reserves. According to United Press International, the country has about 0.5 billion cubic meters of recoverable reserves of shale oil and natural gas.