Gas discovery in Morocco: 776 billion cubic metres in Sidi Mokhtar?

In less than two months of work, the drilling of the Kamar 1 zone, in Sidi Mokhtar, in the Essaouira region, has already yielded results, described by observers as "exceptional". The British company, Longreach Oil & Gas Ltd, finished the first phase of its research in this field on 8 May 2014. The first statements that have filtered through speak of a significant discovery and a rich and promising site. Indeed, the estimates are colossal. China, which is following the great rush for oil and gas in Morocco very closely, speaks of natural gas reserves estimated at 292 billion cubic metres. These reserves could reach 776 billion cubic metres. For Amina Benkhadra and the National Office of Hydrocarbons and Mines (ONHYM): "these indices are encouraging signs to continue the exploration of this zone". At Longreach Oil & Gas Ltd, optimism is the order of the day. These are "very promising expl…