Offshore staff

PERTH, Australia – New leads are emerging from re-processed 2D seismic on the Tarfaya block offshore Morocco, according to Tangiers Petroleum.

Three new prospects have been identified to date, named Apollo, Hermes and Hercules, all within the lower Cretaceous Tan Tan intervals.

Historic well log data from these intervals suggest they are a series of stacked sand units with good reservoir qualities and likely porosities of 25% or more in the upper portion of the unit.

Seismic interpretation of the lower Cretaceous will continue in order to mature other leads to prospect status. On completion of the Cretaceous mapping, Tangiers will start to determine prospective resource volumes.

Mark Ceglinski, chairman of Tangiers Petroleum, said: “The company believes that the resource potential of the Cretaceous section will rival that previously validated by Netherland, Sewell and Associates for the four Jurassic prospects (Assaka, Trident, TMA, and La Dam).”

12/01/2011