Pura Vida to spud MZ-1 well in April (Morocco)
- Exploration & Production
Pura Vida Energy NL has said that the Atwood Achiever drillship will mobilize to the MZ – 1 location within Pura Vida’s offshore Mazagan Permit in Morocco, and spud the well during April.
The Atwood Achiever has completed a well offshore Morocco and has now moved to complete a well offshore Mauritania for another Operator before returning to handover to the Mazagan joint venture.
MZ – 1 will target the Ouanoukrim prospect, which has total gross unrisked mean prospective resources of over 1.4 billion barrels, with a high case of over 3.0 billion barrels.
Pura Vida is carried for its 23% interest in the MZ – 1 well for up to $215 million.
Pura Vida’s Managing Director, Damon Neaves, said: “We look forward to receiving handover of the Atwood Achiever Drillship to commence our first well offshore Morocco . The MZ – 1 well is targeting a series of up to five stacked targets in both the Cretaceou s and Jurassic. A discovery will be transformational for Pura Vida.”