Morocco: QP farms in, Sound Energy expands

Issue 317 - 11 Feb 2016 | 1 minute read
Qatar Petroleum has reached a farm-in agreement with Chevron Morocco Exploration giving it a 30% share in three deep-water offshore leases. Under the agreement, which has been approved by the Moroccan government, Chevron will retain a 45% interest and continue as operator. The state Office National des Hydrocarbures et des Mines (Onhym) will continue to have a 25% interest. The three offshore areas are Cap Rhir Deep, Cap Cantin Deep and Cap Walidia Deep, located 100-200km west and north-west of Agadir.

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