Morocco: Sound Energy signs gas sales MoU

Issue 403 - 07 Nov 2019
Sound Energy has announced a memorandum of understanding (MoU) with Office National de l’Electricité et de l’Eau Potable (ONEE) for gas sales from the Tendrara concession in eastern Morocco. AIM-listed Sound put its eastern Morocco operations up for sale earlier this year after the first two wells of its 2018-19 eastern Morocco exploration campaign failed to achieve commercial gas flow rates.The MoU covers the first 0.5bcm/yr (about 48.4mcf/d) of production, with arrangements for production above this level to be negotiated in the final gas sales agreement (GSA).

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