Kosmos Energy Ltd., Dallas, entered into a reconnaissance contract for the Tarhazoute deepwater block off Morocco.
The block covers 1.9 million acres in 3,250-8,200 ft of water in the Agadir basin between the company’s Essaouira and Foum Assaka blocks. Kosmos will operate Tarhazoute with a 100% working interest and will initially reprocess 2D seismic.
The reconnaissance contract has a 1-year term, after which the company has the right to enter into a petroleum agreement for the acreage.
Kosmos noted that it has licensed the large majority of the Agadir basin petroleum system and is shooting 3D seismic beginning in the Essaouira block.
About the Author
Alan Petzet
Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
