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tarfaya-ifni BASIN

Tarfaya-Ifni Basin

Tarfaya-Ifni is located in an offshore frontier area. The licence area is covered by high-quality 3D seismic and well SM-1 drilled in 2014 recovered 26 degree API oil to surface (Serica 5%).  However, following work undertaken since the well was drilled, Serica believes that the commercial potential for the area is limited and, with no further drilling planned by the operator, is now in the process of relinquishing its interest in the licence.

Tarfaya-Ifni Licences

Block(s) Description Role Interest Location Field/Prospect
Sidi Moussa Exploration Partner 5% Offshore Morocco Relinquishing interest