Woodside pens exploration deal in Morocco

Australian oil and gas exploration and production company Woodside has signed a contract for exploration offshore Morocco.

According to the company’s statement, an exclusive Reconnaissance Licence (RL) has been signed with the Office National des Hydrocarbures et des Mines, the National Oil Company of the Kingdom of Morocco, to explore a block offshore Morocco.

The block, known as the Rabat Ultra Deep Offshore area, comprises a total of 36,737 km2 with depths ranging from 1700m to 4400m.

The block is located just west of the Rabat Deep Offshore l-VI permits, in which Woodside has acquired, subject to Ministerial approval, a 25% interest. Commitments under the RL work program include a 2D seismic survey and studies. The RL duration is for 12 months. The grant of the RL is subject to Ministerial approval.

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