Predator Oil & Gas Holdings To kick off Drilling Early December

Amid the Oil-Gas crisis and price hike, Predator Oil & Gas Holdings Plc, a Jersey-based oil and gas company with near-term gas activities in Morocco, said that the MOU-2 well, located in Guercif’s area, will begin drilling early December.
Based on the information acquired from MOU-1, it is expected that re-evaluating and changing the components of the drilling mud system will provide stronger basin protection when drilling and allow a successful rigless testing program.
Materials have been sourced from Canada, Egypt, France, the United Kingdom, and the Middle East, reflecting the strain on logistics and the supply chain that the Ukraine crisis has placed on the bigger drilling services businesses.
Using the MOU-1 experience to optimize the overall drilling program, as well as its ability to connect to multiple service providers to overcome supply chain issues, the Company has been able to make significant cost savings.