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.