Industry sources reported, early-March 2020, that Genel Energy Plc (Genel) was officially awarded the Lagzira Offshore reconnaissance permit, through its subsidiary Genel Energy Morocco Limited. The surface exploration block covers the former Sid Moussa offshore blocks which belonged to the same company until the PSC's relinquishment in February 2020. The reconnaissance licence has a one-year duration to March 2021, when a one-year extension might be possible, according to the Moroccan oil legislation. The permit is operated by Genel with 75% working interest, with partner ONHYM, 25%.   During the previous contract, Sidi Moussa (August 2009 â February 2020), operated by the same group presented above, 2,000 sqkm of 3D seismic was run in 2018 and one successful well was drilled through Sidi Moussa 1, which encountered 26Â° API oil drilled in fractured and brecciated cavernous Upper Jurassic carbonates. Farther testing program over the same interval failed to produce oil at sustainable rates, probably because of the reservoir damage suffered during drilling and well control operations. Different sources reported the licence's unrisked resources estimated at about 750 Mmboe.
Morocco (Aaiun-Tarfaya B.) Sidi Moussa 1