First Independent Mena Newspaper
Morocco offers an attractive business climate and numerous incentives to investors in the oil and gas prospection, said Forbes. The US magazine described Morocco as a “North African economic powerhouse” that has a promising oil and gas industry. The article zooms on the efforts undertaken by the Hydrocarbons and mines office (ONHYM) in terms of […]
Morocco’s huge potentials in oil & gas and the business opportunities offered in the sector are currently showcased at the second Morocco Oil & Gas Summit convened in Marrakech Feb.-6-7. Organized by the Moroccan National Office of Hydrocarbons and Mines (ONHYM), the event is bringing together potential and existing investors, including SDX Energy, Chariot Oil […]
Sound Energy, the Moroccan focused upstream gas company,“revises up” the net pay estimate of sands found under the main TAGI play, which currently stands at 10.5 meters. Earlier January, Sound energy announced discovery at TE-10 of a potential reservoir at between 1,899 meters and 2,009 meters. Sound has nearly finished planning its TE-10 test program, […]
Morocco’s state-owned Company “Office National des Hydrocarbures & des Mines (ONHYM) and Nigerian National Petroleum Corporation (NNPC) have chosen Penspen to carry out the 1st phase of the FEED (Front-End Engineering) of the gas pipeline project to run from Nigeria upto Morocco. The FEED first Phase consists of a detailed review of the feasibility study […]
Morocco and Mauritania signed a partnership agreement in the fields of hydrocarbons and mines on Wednesday in Nouakchott, on the sidelines of the 5th “Mauritanides”, a conference-exhibition on the oil and mining sector in Mauritania. This agreement was signed by Director General of the Moroccan Office of Hydrocarbons and Mines (ONHYM), Mrs. Amina Benkhadra, and […]
The Jersey-based company Predator Oil & Gas said on Monday it received an eight-year permit for hydrocarbon exploration and appraisal onshore northern Morocco. The exclusive license includes an initial 30-months exploration phase covering an area stretching 7,269 square km, to the east of producing gas fields and northwest of Sound Energy PLC’s Tendrara gas project. […]
Investments in oil and gas explorations onshore and offshore Morocco since 2015 have totaled $2.8 billion (25 billion dirhams), 96% of which was paid by partners of the Moroccan hydrocarbons and mining office. Speaking at a meeting of the board of directors of the office, the Moroccan government chief said that the increasing oil and […]
Italian Oil & Gas Company Eni has signed a Petroleum Agreement (PA) with the Moroccan State Company ONHYM to explore the Tarfaya Offshore area, located in the waters of the Atlantic Ocean offshore the cities of Sidi Ifni, Tan Tan and Tarfaya. Under the agreement, Eni will be the Operator of the license with a […]
The London-based energy company SDX has obtained the Gharb Centre exploration permit, covering an area of over 1362 km2. The License covers an eight-year period with a firm commitment from SDX for the acquisition of 200km2 of 3D seismic, and two exploration wells within the first four-year period. The Gharb Centre area comes with a […]
Chariot Oil & Gas announced that it received a 75% stake of the Kenitra offshore exploration permit which together with the neighboring offshore exploration in Mohammedia could contain more than 1 billion barrel. The UK company said its subsidiary Chariot Oil & Gas Investment (Morocco) will carry out the exploration in partnership with Morocco’s Office […]