Casablanca- Predator Oil & Gas, a prominent player in the global energy sector, is poised to significantly expand its footprint in Morocco’s burgeoning oil and gas industry. With strategic investments in the Guercif region, the company is spearheading exploration and production efforts aimed at unlocking the country’s vast hydrocarbon potential.

Operating under the Guercif Petroleum Agreement, Predator finds itself in a prime position in an area rich in Tertiary and Jurassic gas prospects. Situated less than 10 kilometers from the Maghreb gas pipeline, the region holds immense promise for energy development, bolstered by its favorable geological characteristics.

In recent months, Predator has intensified its exploration and appraisal drilling program in Guercif. Wells MOU-1, MOU-3, and MOU-4 have undergone rigorous testing, marking significant milestones in the company’s quest to delineate commercially viable gas reserves. The completion of these wells for rigless testing in early 2024 represents a crucial step forward in the evaluation of the region’s hydrocarbon resources.

One of the cornerstones of Predator’s strategy in Morocco is the supply of compressed natural gas (CNG) to the domestic industrial market. Recognizing the growing demand for cleaner and more sustainable energy solutions, the company has entered into a Collaboration Agreement with Afriquia Gaz, a prominent player in the Moroccan energy sector. This agreement opens up avenues for potential CNG gas sales of up to 50 million cubic feet per day, underscoring Predator’s commitment to meeting the country’s energy needs while fostering economic development.

Looking ahead, Predator is poised to embark on further drilling activities in 2024, with a particular focus on evaluating the MOU-4 Jurassic prospect. These endeavors are aimed at expanding the company’s resource base and solidifying its position as a key player in Morocco’s energy landscape.

Beyond its immediate operational objectives, Predator remains dedicated to driving sustainable growth and innovation in Morocco’s oil and gas sector. With a keen eye on maximizing returns from its investments, the company is well-positioned to capitalize on emerging opportunities and contribute to the long-term prosperity of the country’s energy industry.

Predator Oil & Gas’s steadfast commitment to Morocco’s energy sector underscores its status as a catalyst for growth and development. Through strategic investments, innovative approaches, and a relentless pursuit of excellence, the company is paving the way for a brighter future for the country’s energy landscape.