Project Profile
Location: offshore Western Sahara, Aaiun Basin, Morocco
Area: 27,700km2
Depth: 1,000-3,000 metres
Start-up Year: -
The Cap Boujdour block, located offshore Western Sahara in the Aaiun Basin, is the last undrilled Cretaceous basin along the Atlantic Margin. The region shows significant exploration potential supported by multiple independent play concepts and fairways. Multiple prospects have been identified through ongoing 3D seismic.
Cairn Energy entered into a farm-in agreement with Kosmos Energy and the Moroccan National Oil Company (ONHYM) for a 20% non-operated interest in the exploration block which is scheduled for drilling in H2 2014. The proposed farm-in to the Cap Boujdour exploration permit enables Cairn to access frontier acreage with transformational potential and containing a range of playtypes.
The permit is covered by a regional 2D grid and 2,000 km2 3D surveys. Kosmos has identified three prospects within the 3D area with the largest of these, Gargaa located at ~2,135m water depth.
Operators:
Kosmos Energy: Operator with 55% interest
Moroccan National Oil Company (ONHYM): 25% interest
Cairn Energy: 20% interest