US firm Kosmos is pressing on with plans to spend $300mn drilling four 2014 wells deepwater Morocco and Mauritania. CEO Andy Inglis, speaking on the firm’s 23 February results conference call, says that drilling of the Al Khayr prospect (1bn boe 2P reserves) on the Cap Boujdour deepwater block offshore Moroccan-occupied Western Sahara continues with results expected in early March.
The Atwood Achiever drillship will then move to test the Ouanoukrim prospect on US mining giant Freeport McMoran’s Mazagan block further north (in ultra-deepwater around 200km northwest of Agadir). The $137mn well is set to spud “before the end of March,” Damon Neaves, MD of minority partner Pura Vida said on 20 February. (CONTINUED - 383 WORDS)