Morocco: Sound expands Schlumberger Morocco tie-up


Issue 345 - 05 May 2017 | 3 minute read

AIM-listed Sound Energy has signed binding heads of terms with Schlumberger that will expand the companies’ relationship into Meridja and the Tendrara relinquished areas while covering the cost of Sound’s forthcoming eastern Morocco geophysical survey programme.The existing field management agreement between the two companies will be extended to include Meridja and the Tendrara relinquished areas, which Sound agreed earlier this year to acquire from Morocco’s Oil & Gas Investment Fund (OGIF). Schlumberger will be granted a 27.5% working interest in both areas.

Tagged with:

Pin Morocco

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register