Page 15 - AfrOil Week 25 2021

AfrOil NEWS IN BRIEF AfrOil

UPSTREAM subsidiary of Predator, 75% (operator) and re-entry are anticipated to begin shortly, starting
ONHYM, the State oil company, 25%. ONHYM with functional testing of the rig and then ini-
Predator Oil and Gas spuds is carried through exploration but funds its tial work activities of pulling the existing tubing
pro-rata share of all costs upon a Declaration of and running a cement bond log to confirm the
MOU-1 well onshore Morocco Commerciality. integrity of the cement behind the casing. This
Guercif comprises four Exploration Permits: will be followed by pulling the 5.5-inch casing
Predator Oil & Gas, the Jersey-based Oil and Gas I, II, III and IV. It covers an area of 7,269 square that is inside the 9-inch casing and running
Company with operations in Trinidad, Morocco km and lies approximately 250 km due east of cased hole reservoir logs. Once the logging is
and Ireland, has announced that the MOU-1 and on trend with the Rharb Basin, where shal- complete and has been analysed, the well will
well was spudded at 01:00 hours on Sunday, June low gas production has been established by SDX be cleaned out and perforation and production
10, 2021, with drilling ahead in progress to the Energy for several years. Guercif also lies approx- testing operations will be performed on the
first planned 13-3/8” casing point. imately 180 km due north-west of Tendrara three known oil-bearing zones (L2.2, L2.4 and
The well is forecast to take up to 20 days to where deep discovered gas is currently being L2.6) beginning with the lowest zone (the L2.6
drill and to run wireline logs. MOU-1 has been appraised and potentially developed by Sound zone). Each zone will be production flow tested
given a “tight hole” status and therefore, unless Energy. The Moulaya Prospect covers at least 40 independently, and all test volumes produced
circumstances dictate otherwise, there will be square km and is supported by multiple seismic will be exported and sold through the existing
no more information released until wireline logs amplitude anomalies. production facilities and pipelines. Once testing
have been evaluated. The Moulouya Prospect lies just 9 km from of all three zones is completed, it is anticipated
Paul Griffiths, CEO of Predator Oil & Gas the Maghreb gas pipeline, where significant that a final dual-tubing string completion will be
Holdings commented: “We are delighted to spare capacity exists for the transport of gas installed, and the L2.2 and L2.6 zones placed into
have completed the rig mobilisation, rigging up either for domestic use or for export to the Euro- production based upon successful testing.
and spudding of the MOU-1 well safely and in pean Union. The drilling rig is then expected to be skid-
complete alignment with the pre-drill schedule. Predator Oil & Gas, June 21 2021 ded on the same drill pad as Oza-1 to a new
This is an exciting well for the Company and its drilling slot and a horizontal development well
shareholders and represents the culmination of Decklar Resources issues will be drilled in the L2.4 zone and placed on
work over the last 18 months, during the COVID production upon successful testing. The Oza-1
crisis, to create the opportunity to drill in Guercif update on Oza-1 well re-entry well and new horizontal development well are
at this time. We are very appreciative of the many anticipated to generate significant production
people within the Company and especially those Decklar Resources has announced an update to levels and cash flow in a short time frame due
contracted to the Company who have worked operations at the Oza-1 well re-entry at the Oza to the existing infrastructure in place. The Oza
together as a team to execute the initiation of the oilfield in Nigeria, being performed by the Com- oilfield development is planned to then continue
drilling programme. We are also grateful for the pany’s wholly-owned Nigeria-based subsidiary, with one or two more re-entries on other exist-
unwavering support given to us by our partner Decklar Petroleum. ing wells and additional development drilling
ONHYM to help facilitate the commencement Rig On-site at Oza-1 Preparing to Com- programme with a potential of eight to ten wells
of operations.” mence Operations: Decklar has made significant being drilled to achieve full field development.
According to information on the Predator progress in preparation for the Oza-1 well re-en- Additional early production and central process-
web site, the MOU-1 well is being drilled to test try with the arrival of the drilling rig, camp and ing facilities will be added as required to accom-
the Moulaya Prospect in the Guercif Licence, all associated equipment at the site. The drilling modate additional production levels from field
onshore Morocco. The Licence equity holders rig has been installed and is in the final rigging development activities.
are Predator Gas Ventures, a wholly-owned up stage, and initial operations on the Oza-1 well The Company anticipates that operations
for the re-entry of the Oza-1 well are on track
for initial production testing to commence by
approximately mid-July. The Oza oilfield has sig-
nificant export and production capacity through
processing facilities and infrastructure already in
place and operational, which will allow for the
immediate export and sale of crude oil from the
Oza-1 well.
Decklar also continues to pursue and advance
evaluations and negotiations for additional
proven undeveloped oil and gas fields in Nige-
ria that have significant reserves and near-term
production potential, including the recently
announced Letter of Intent to acquire rights in
the Asaramatoru oilfield.
Duncan Blount, CEO of Decklar, stated:
“This is a significant milestone for the Company
as we transition from a developer into a produc-
ing oil company. Thanks to the infrastructure
already in place, the flow test from the Oza-1 will
go directly into the pipeline to the Bonny Export
Terminal to generate attractive cash flow.

Week 25 23•June•2021 www. NEWSBASE .com P15