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US firmKosmos has drawn a blank in Morocco, the latest in a string of disappointing drilling results on one of North Africa’s last oil frontiers. The FA-1 well
on the Foum Assaka block, one of three Kosmos blocks offshore Agadir, was nearly 4km deep in 600ms water depth but “failed to find hydrocarbons in commercial quantities,” CEO Andy Inglis
told a 5 May conference call. BP partners Kosmos on all three blocks.
It was a poor start to Kosmos’ exploration campaign in Morocco and Mauritania, which the company hopes will replicate its success in Ghana, further down Africa’s ‘Atlantic margin’. Kosmos will press on: “This was the first in a series of play-opening exploration wells designed to unlock the Agadir Basin,” says Kosmos exploration chief Brian Maxted. Seismic on the neighboring Essaouira and Tarhazoute blocks will be completed by end-June, he says. Drilling at Essaouira is scheduled for next year, and a well could be spudded in Tarhazoute in 2016, he adds. (CONTINUED - 397 WORDS)