Island Oil & Gas granted Morocco licenceDecember 12, 2006 15:02Exploration company Island Oil & Gas says its drilling programme for 2007 will mainly focus on its Old Head of Kinsale gas field in the Celtic Sea. The company made a successful gas discovery there this year.Announcing its proposed drilling programme for next year, the company says it also has an option to drill a well in the Schull licence to further evaluate the gas potential in and around the Schull gas field.The company has also set up an established farmout programme for various near-development and exploration programmes in the Donegal, Slyne and Rockall Basins in the Atlantic Margin.Island Oil & Gas also announced today that it has been granted a licence in the Zag Basin, offshore Morocco. The Zag Basin is an under-explored Palaeozoic North African sedimentary basin for which no seismic data has been acquired to date.However, an active petroleum system is believed to be present in this basin, based on the early drilling history and the proven presence of a source rock which the other major oil and gas fields of the neighbouring countries has.The licence, which is valid for a year, covers an areas of 21,807 square kilometres, or about one third the size of Ireland.//en.yabiladi.com/topics/island-and-gas-granted-morocco-licence-44-1550778-1550778.html#msg-1550778 Sat, 06 Jun 2026 22:27:58 +0200 Phorum 5.2.15