Genel Energy issued an update on its ongoing activities in Africa, specifically onshore Somaliland and offshore Morocco. In Somaliland on the SL-10-B/13 block, where Genel holds a 75% stake and is operator, the company completed seismic processing. The company said that analysis and interpretation is underway.
Initial indications confirm Genel’s view that the block has hydrocarbon potential. Genel continues to develop a prospect inventory and assess next steps ahead of a farm-out process and potentially spudding a well in 2020. On the Odewayne block, further seismic processing is being considered in order to complete the company’s understanding of the prospectivity of the block
On the Sidi Moussa block offshore Morocco, the acquisition of around 3,500 sq km of multi-azimuth broadband 3D seismic completed in November. PSTM and PSDM processing will continue through 2019. Genel has no additional work commitments relating to the license. A decision will be made on whether to drill a well, and the appropriate equity level, once processing has progressed sufficiently
Source: Petroleum Africa