Fastnet Oil & Gas Plc announce that its partner in the Foum Assaka license area, offshore Morocco (Foum Assaka Licence), Kosmos Energy, has confirmed that its management expects the FA-1 well, which is located within the Foum Assaka Licence, to spud in March.

The FA-1 well will target the Eagle prospect, which is estimated by the operator, Kosmos, to contain 360 mmboe of Pmean resources in its primary deepwater Lower Cretaceous reservoir objective. The well will also target multiple secondary objectives which could provide additional upside in a success case. The planned target depth ("TD") is 4,000 metres, in water depth of approximately 600 metres. The well is expected to take up to three months to reach TD. Kosmos has contracted the Maersk Discoverer, a sixth generation semi-submersible rig, to drill the well.

Tags: Fastnet Oil and Gas