Predator Oil & Gas Prepares for Key Drilling Operations in Morocco
Predator Oil & Gas has reported a significant net petroleum revenue of £1.52 million (approximately $2.06 million) for the first half of 2026, as it gears up for drilling activities at the MOU-6 well in Morocco. The Jersey-based oil and gas company achieved the sale of 52,130 barrels of oil during the first six months of the year from its Trinidadian production fields, with this revenue figure reflecting total sales prior to deducting operating costs. This financial performance underscores the company's robust presence in the oil sector as it transitions to exploration in Morocco.
In a crucial development, the civil engineering work for the MOU-6 well pad has been completed, paving the way for the imminent commencement of drilling operations. The company has confirmed that the explosives necessary for the perforating guns, which are essential for well testing, have successfully arrived at a Moroccan port. This equipment is considered a vital long-lead item in determining when the drilling rig can be mobilized to the site. CEO Paul Griffiths has indicated that Predator anticipates announcing a precise start date for MOU-6 operations within the next two weeks, in alignment with the current operational schedule.
Strategic Exploration and Future Prospects
The MOU-6 well is part of Predator's broader strategy to explore and develop onshore gas resources in Morocco. The company is optimistic that successful testing and the demonstration of hydrocarbon flow will facilitate the progression towards commercial agreements and financing for further development projects. With Morocco's assets regarded as a potentially quick route to commercial gas production, Predator is exploring options such as compressed natural gas or micro-liquefied natural gas initiatives.
In addition to its Moroccan ventures, Predator has made notable strides in Trinidad, where it is advancing preparations for the Snowcap-3 well according to schedule. Recent outputs from the GY 664 well in the Goudron field have been stable, averaging between 30 and 32 barrels of oil per day throughout August. This output has significantly contributed to the revenue generated from its Trinidadian operations during the first half of the year. Furthermore, the company has previously identified the geological structures targeted by its MOU-1 and MOU-3 wells as having strong hydrocarbon potential, reinforcing its commitment to advancing its Moroccan gas portfolio while sustaining consistent production from its established Trinidadian assets.
As reported by northafricapost.com.
