According to the announced schedule, drilling operations are expected to begin around February 25, 2025, in line with initial forecasts.
Paul GriffithsCEO of Predator Oil & Gas, expressed his optimism about this new drilling campaign, fully funded and within budget targets. He described the Titanosaurus geological structure, the project’s main target, as a rare opportunity to drill a high-impact structure close to existing gas infrastructure, within an attractive fiscal framework.
>>Read also: Predator Oil: in addition to combustible gas, the Guercif basement delivers Helium!
Griffiths also highlighted the strategic issues linked to natural gas in a global context marked by a decline in storage reserves in Europe, geopolitical concerns over security of supplies, and a growing demand for less polluting energies. “We are potentially at the dawn of a golden age for gas exploration and production,” he said, highlighting the role of natural gas in the energy transition and price stabilization. energy.
-Predator Oil & Gas aims to capitalize on this favorable situation by developing its Guercif project, which could strengthen energy security while reducing CO2 emissions thanks to a gradual substitution of coal and oil with natural gas. The company hopes to take advantage of this moment when geopolitical and economic factors converge to promote an ambitious gas development strategy.
This project, located in Morocco, demonstrates the growing interest in hydrocarbons in regions outside the United Kingdom and Europe, similar to ongoing initiatives in the United States, the Middle East, Africa and Asia.
