Galp Energia concludes drilling of TAO-1 well

Galp Energia has concluded drilling the exploration well TAO-1 in the Tarfaya Offshore area in the Atlantic margin of offshore Morocco. No hydrocarbons were encountered.

Offshore staff

LISBON, SpainGalp Energia has concluded drilling the exploration well TAO-1 in the Tarfaya Offshore area in the Atlantic margin of offshore Morocco. No hydrocarbons were encountered.

The primary objective of the well was to test the Trident prospect, located in the Middle Jurassic interval. The well was drilled at a TMD of 3,518 m (11,542 ft) and did not encounter reservoir facies at the Trident target,.

The well also tested the prospect Assaka, located in the Upper Jurassic interval, and it also found no hydrocarbons.

The consortium is concluding operations and proceeding with rig demobilization activities. Galp Energia and its partners will analyze the geological data collected, and use it to evaluate the remaining prospectivity in the Tarfaya Offshore area.

This was the first offshore well operated by Galp Energia. The company is the operator of the Tarfaya Offshore area, with a 50% stake in the consortium which holds eight offshore exploration licenses in the area, known as the Tarfaya Offshore I and VIII. The consortium is also formed by Tangiers Petroleum (25%) and by ONHYM (25%).

08/05/2014

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