Tethys Oil announces the commencement of drilling operations of the Tafejjart-1 well on the Bouanane licence onshore Morocco. Drilling target is potential natural gas in the very large Taffejart structure. Tethys has a 12.5 percent net working interest, and is carried by the Operator through MUSD 12 of total expenditure in the licence.
The 2,000 horsepower drilling rig of Aladdin Middle East has spudded the Tafejjart-1 exploration well onshore Morocco. The Bouanane licence is located in the northeast part of the country. Drilling operations are expected to last for two to three month.
"Tethys is delighted to participate in this classical wildcat well. This is a project with a huge upside but with small economic risk for Tethys", comments Tethys' Managing Director Magnus Nordin.
Dana Petroleum plc is the Operator of the Bouanane licence and in charge of the drilling.