The British SDX Energy announced on Friday a new gas discovery in an exploration well near the northern Moroccan city of Kenitra.
The well was drilled to a total depth of 1,861 meters with gas potential "significantly larger" than expected, SDX Energy said in a statement.
The company estimated the new discovery area of containing some 10.2 billion cubic feet of conventional natural gas and 55,000 barrels of condensate, adding that it is significantly larger than the traps typically encountered in the Sebou area, where the company focuses on its drilling campaign.
"We are very excited about the results of this exploration well," said Paul Welch, SDX chief executive, adding that "It was a higher risk exploration prospect than previous drilling in Sebou, as it was a sequence that had not been previously penetrated in a similar structural location."
"The estimated volume potential is very encouraging," he said, noting that the company has one more exploration well to drill on the permit in this campaign.
The new discovery is the sixth from seven wells drilled to date by the British company in its nine-well Moroccan campaign.
