First Independent Mena Newspaper
Qatar Petroleum has taken 30% participating interest from the share of Chevron Morocco Exploration Ltd in three deep-water offshore leases located 200 km to the North West of Agadir’s coast. This acquisition came following a deal signed last February and approved by the Moroccan government, said Telquel magazine. Under the agreement, Qatar Petroleum will acquire […]
Circle Oil announced a new gas discovery in the Sebou Permit after two previous similar announcements in the zone. Circle Oil Plc (AIM: COP), the Middle East and North Africa focused oil and gas exploration, development and production company, described in a press release the gas discovery following the preliminary results of drilling as “significant.” […]
The Portuguese company Galp Energia (Petróleos de Portugal e Gás) announced it has acquired a 50 percent stake in the Tarfaya Offshore area, comprising eight exploration permits, known as Tarfaya Offshore I to VIII, located on the Atlantic Margin, offshore Morocco. The company acquired the shares under a farm-in agreement with the Australian company, Tangiers […]