Australia-based African oil explorer Pura Vida Energy expects to drill the MZ-1 well in Morocco during April.

The well, which is located within Pura Vida’s offshore Mazagan Permit, will be drilled using the Atwood Achiever Drillship.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The MZ-1 well will target the Ouanoukrim prospect, which has total gross unrisked mean prospective resources of more than 1.4 billion barrels, with a high case of over three billion barrels.

Pura Vida has a 23% stake in the MZ-1 well, worth an estimated $215m.

"We look forward to receiving handover of the Atwood Achiever Drillship to commence our first well offshore Morocco."

Pura Vida Energy managing director Damon Neaves said: "We look forward to receiving handover of the Atwood Achiever Drillship to commence our first well offshore Morocco.

"The MZ-1 well is targeting a series of up to five stacked targets in both the Cretaceous and Jurassic. A discovery will be transformational for Pura Vida."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The prospectivity of the Mazagan permit has three independent trends featuring several prospects and leads mapped on 2D and 3D seismic data.

The drilling inventory of Pura Vida comprises 13 prospects and leads representing prospective resources of 1.5Bbbls (P50) net.

Pura Vida currently has operations offshore Morocco, Gabon and Madagascar, with significant resource potential and a fully funded drilling programme.