Sound Energy offers an opportunity for an ambitious and technically competent partner to farm into the large 4,711 sqkm Sidi Moktar permit, located in the underexplored Essaouira Basin on the Atlantic coast of Morocco. This opportunity provides access to high impact, near term exploration opportunities, in a stable country with growing gas demand, a supportive Government with very attractive fiscal terms.
The Sidi Moktar permit hosts a variety of proven plays. Previous exploration has focused on the shallower post-salt plays. Sound Energy believes that the deeper, sub-salt Triassic and Palaeozoic plays, already proven by the Meskala Gas Field, may contain significant prospective resources, in excess of any discovered volumes in the shallower stratigraphy. Identified exploration potential of 9 Tcf (mid-case un-risked GIIP) in 25 sub-salt structural leads adjacent to the 'play proving' Meskala Gas Field which produces gas and condensate from the Triassic 'TAGI' reservoir.
Sound Energy is progressing work programme to mature the deeper plays. We aim to acquire new, high quality 2D seismic data in 2021, focused on improving the sub-salt imaging. This work will culminate in an exploration well targeting a high impact gas prospect in 2023.
