Kosmos Energy spuds offshore Morocco as area exploration picks up

|About: Kosmos Energy (KOS)|By:, SA News Editor

Energy exploration offshore Morocco gains momentum with two companies announcing drilling news in an area that is expected to see plenty of activity this year.

Kosmos Energy (KOS) has spudded the FA-1 well in the Foum Assaka license which is estimated to contain resources of 360M boe in its primary reservoir objective, and Cairn Energy (CRNCY) says it completed the drilling of its JM-1 well which confirmed the presence of heavy oil.