Kosmos’ positions offshore Morocco (including Western Sahara) total approximately 13.3 million gross acres and provide multiple play types with substantial running room. The regions contain evidence of working hydrocarbon systems, with oil shows in prior onshore and offshore drilling, as well as existing oil and gas production onshore Morocco. We signed farm-out agreements for these positions in late 2013, our first with BP for the Essaouira, Foum Assaka, and Tarhazoute blocks, and our second for the Cap Boujdour Contract Area with Cairn Energy. Our ability to secure industry-leading partners – along with the caliber of terms executed – validates the quality of our Moroccan portfolio
We hold three blocks in the offshore Agadir Basin: Essaouira, Foum Assaka, and Tarhazoute. Agadir is an underexplored basin with a variety of exploration plays, including our core geologic theme in the late Cretaceous formation. In addition, it is a salt basin that provides significant hydrocarbon trapping opportunities.
The Cap Boujdour block, located offshore Western Sahara in the Aaiun Basin, is the last undrilled Cretaceous basin along the Atlantic Margin. The region shows significant exploration potential supported by multiple independent play concepts and fairways. We have defined multiple prospects through ongoing 3D seismic and plan to spud our first exploration well in late 2014.