Predator Oil & Gas Holdings PLC announced on Tuesday that its Moroccan branch (Predator Gas Ventures Morocco Branch-PGVMB) has awarded the construction contract for the MOU-3 well to the Moroccan company Skayavers Sarl. The British company, which operates in Morocco, said it is working to make progress towards additional targets in a "busy" period of activity. For the contract awarded to Skayavers, the civil works should start no later than next Monday, in order to facilitate the start of drilling activities before the end of May, explains Predatoir Oil & Gas.

“The exact timing of drilling operations depends on the useful times for the delivery of long-lead well elements. The Moroccan branch of Predator Gas Ventures said it had ordered the most critical items awaiting delivery,” the company also points out. The material and logistical requirements for a possible reintroduction of the MOU-2 suspended well are being evaluated, but it is not expected that such an operation will be executed before the completion of the drilling on the MOU-3 site, also adds Predatoir.

"This is an extremely busy period of operational activity in Morocco for the company over the next two to three months, which must be carefully managed and scheduled to ensure efficient and cost-effective execution," said Paul Griffiths. , executive chairman of the board of directors of Predator.