North Africa: Circle Oil expansion plans
Issue 249 - 28 Feb 2013
Gas producer Circle Oil plans a six-well drilling programme for H1 2013 in Morocco’s onshore Sebou and Lalla Mimouna permits, targeting 40-45bcf of gross recoverable resources. Gas delivery during 2012 rose from 2.0-2.5mcf/d to 4.5mcf/d, and a third small offtaker was added in late December 2012. Offtake is expected to increase further in Q1 2013, with daily supplies rising to 6.5-7.5mcf/d.
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