Eni and its partners have decided to allow their Rabat Deep license offshore Morocco to lapse.
This follows the unsuccessful Rabat Deep 1 well earlier this year drilled by the Saipem 12000 drillship. According to Chariot Oil and Gas, the primary Jurassic carbonate interval was tight, and that result led to downgrading of other prospects and leads at this level.
However, geochemical analysis of hydrocarbons extracted from sidewall cores indicates potential for hydrocarbon migration from a Cretaceous or younger source rock, which would still represent a new petroleum system offshore Morocco.
In addition, Chariot noted the well encountered good quality Upper Jurassic sandstone reservoirs and an effective seal which appears to de-risk clastic prospects and leads identified in the company’s nearby offshore Mohammedia and Kenitra licenses.
This year the company has been interpreting 2D and 3D seismic data acquired over the permits during 2017 over Mohammedia and Kenitra.
It is looking to drill the Mohammedia license prospect MOH-B, which could hold 637 MMbbl in two targets, and has started a partnering process and drilling preparations.
Offshore Mauritania to the south, Chariot had secured an option to take 10-20% equity in the C-19 block recently awarded to Shell, but has decided not to participate, due to the anticipated cost of access and maturation and the time needed to progress to optional drilling.
However, it is negotiating a new license in the Atlantic margins.