Morocco: Tangiers farm-out agreement

Issue 245 - 13 Dec 2012 | 1 minute read
Portugal’s Galp Energia has agreed to farm into Tangiers Petroleum’s Tarfaya Offshore area, taking a 50% stake and assuming operatorship. Tangiers will retain a 25% interest, and the Office National des Hydrocarbures et des Mines (Onhym), the Moroccan state company, will maintain its 25% interest.

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