Morocco: High hopes for Galp’s Tao-1

Having been forced to drop diversification plans by a shareholder revolt, Galp’s partner Tangiers Petroleum has a lot riding on the success of the well, which is targeting the Jurassic Carbonate play already proven offshore Nova Scotia on the other side of the Atlantic, and proven by the JM-1 well on the adjacent Juby Maritime Block held by Cairn Energy and Genel Energy. JM-1 confirmed heavy oil in the Upper Jurassic, though the Middle Jurassic target had low reservoir quality at that location.