Project Profile
Location: Cadiz province of southern Spain
Area: 38,000 hectare
Prospective Resource: 64.82 bcm (unrisked)
Start-up Year: -
Schuepbach Energy International has started a farm out process for its Tesorillo project in the Cadiz province of southern Spain. Petrel Energy, which holds a 51% interest in Schuepbach, was seeking a partner to assist in appraising a large gas discovery on the 38,000 hectare licence. The Almarchal-1 well, drilled by Valdebro in the 1950s, intersected over 1,000 feet of net gas pay and flowed gas to the surface during testing. Based on recent formation evaluation studies, it is believed significant potential exists for a large onshore gas field. The Almarchal-1 lies about three kilometres from a gas pipeline.
Operators:
Schuepbach Energy International: Operator with 100% interest