Industry sources reported in 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, with a further six-month extension option, according to Genel. The new Lagzira permit will allow Genel to complete both processing and interpretation of a 3D seismic survey run in 2018, planning in the same time a farm-out process, looking for a partner to drill a well. The permit is operated by Genel with 75% working interest, partner is ONHYM with 25%.   Under the Sidi Moussa contract (August 2009 â February 2020), Genel acquired a 2,000 sq km of 3D seismic (2018) and drilled one successful well at Sidi Moussa 1, which encountered 26Â° API oil drilled in fractured and brecciated cavernous Upper Jurassic carbonates. A further 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.
ndustry sources reported in 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. 