Predator Oil & Gas Holdings plc has awarded Skayavers Sarl the contract to construct the MOU-3 well pad platform and improve access roads at the Guercif petroleum agreement, onshore Morocco.
LOGISTICS
The operator, which shortly expects to complete permitting and survey requirements, will start civil works on or before 10 April 2023 before beginning drilling activities by the end of May.
The start of drilling depends on transit times for the arrival of all outstanding long-lead well items from different international locations.
Predator said it had also sourced and ordered the most critical outstanding long lead items in a “very competitive and challenging international market at present due to supply chain deficiencies”.
MOU-1
The MOU-1 testing programme, expected in April, will be scheduled around the MOU-3 pre-drill planning, which is the company’s current priority to enable drilling at the earliest opportunity.
Predator is also evaluating the materials and logistical requirements for a potential re-entry of the suspended well MOU-2, after drilling completes at the MOU-3.
COST-EFFECTIVE
“This is an extremely congested period of operational activity in Morocco for the company during the next two to three months that has to be carefully managed and scheduled to ensure execution in an efficient and cost-effective manner,” added executive chairman Paul Griffiths.
Predator will secure its acquisition of TRex Holdings Trinidad Ltd and the Cory Moruga asset, subject to regulatory approval, after completion of the MOU-3 drilling programme.