Morocco: Woodside expands with ultra-deep block

Issue 290 - 04 Dec 2014
Australia’s Woodside Energy has continued its advance in Africa with the signing of a reconnaissance licence for the Rabat Ultra-Deep Offshore area. The 36,737km2 block, in water depths of 1,700 to 4,400 metres, lies just west of Chariot Oil and Gas’ Rabat Deep Offshore licence, where Woodside agreed to take a 25% interest in July. The work commitment under the 12-month reconnaissance licence includes a 2D seismic survey. Woodside made a rapid series of African acquisitions around a decade ago before pulling back in 2007 following disappointing results in Kenya, Libya and Mauritania. This year, the company has returned to the region, with acquisitions in Tanzania, Gabon and Cameroon, as well as Morocco.

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