Circle Oil abandons Moroccan well

Morocco

DUBLIN, August 3, 2015 – After announcing its drilling results from its onshore Lalla Mimouna permit in Morocco, Irish oil and gas company Circle Oil made the decision to plug and abandon its third well in the area.

The Irish exploration and production company drilled the NFA-1 exploration well to a depth of 1,077 metres, the shows the well reached failed to meet pre-drilling expectations. This development comes on the heels of a similar outcome in June from Circle’s ANS-2 exploration well reaching a total depth of 1,070 metres.

The rig used to drill the NFA-1 well will instead drill the Ksiri South exploration well located in the Rharb Basin and will target the Miocene Gaddari sands.

“We look forward to drilling the Ksiri South exploration well which has the potential to open up a new play type for the Sebou permit,” said Mitch Flegg, Circle’s CEO, in a company statement on Monday.