June start for TAO well offshore Morocco

Tangiers Petroleum says the jackup Ralph Coffman is mobilizing to drill the TAO-1 exploration well offshore Morocco in mid-late June.

Offshore staff

WEST PERTH, Australia – Tangiers Petroleum says the jackup Ralph Coffman is mobilizing to drill the TAO-1 exploration well offshore Morocco in mid-late June.

Prospective resources could be 758 MMbbl.

Galp Energia operates the surroundingTarfaya offshore block, with Tangiers and state-owned ONHYM each holding 25%.

TAO-1’s location is within a proven petroleum system, adjacent to theCap Juby heavy-oil discovery. The well will target three stacked objectives.

05/23/2014

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