Natural Gas exploration: Morocco announces 'encouraging results'

Morocco announced today through its National Office of Hydrocarbons and Mines "encouraging results" of Natural Gas in the "Anchois-2" well.

The office stated, in a statement, that "following the encouraging results of geological and geophysical studies, it was decided to drill the well called "Anchois-2", located 38 kilometers from the coast of Larache and 87 kilometers from the city of Kenitra," noting that drilling work began on 17 December 2021, reaching a final depth of 2512 meters on December 31.

The office added that the preliminary evaluation of the data confirms that "there is an accumulation of gas at the level of the Anchois-2 well, with a total net thickness of 100 meters, distributed over 6 areas, with thicknesses ranging between 8 and 30 meters for each."

The same source indicated that the licenses for the marine Lexus, located off Larache, were granted to the National Office of Hydrocarbons and Mines and to the British "Chariot Oil & Gas" company on May 30, 2019.

The office confirmed that further in-depth analyzes will be conducted in order to verify the assessment of the gaseous capabilities discovered.

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