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Europa identifies multiple prospects in offshore Morocco acreage

Europa Oil and Gas is working on potential drilling targets in its Inezgane permit offshore Morocco. Technical studies have continued despite Covid-19-related restrictions, the company said in a corporate update, with the focus on reprocessing and interpreting 3D seismic data to de-risk large prospects in the Lower Cretaceous. The Inezgane …

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One more year for Sound Energy’s Anoual permit

With a total duration of eight years, the Anoual concession entrusted to the British gas exploration company, “Sound Energy”, is now extended to nine years. This is what the Moroccan National Hydrocarbons and Mines Office (ONHYM) has just decided. The Anoual permit provided for a first optional additional period of …

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Sound Energy renegotiates Anoual permits

Morocco-focussed upstream gas company Sound Energy has concluded a re-negotiation of the terms of its Anoual exploration permits with Morocco’s National Office of Hydrocarbons and Mines (ONHYM), it announced on Monday. The AIM-traded firm said the successful renegotiation aligned the work programme commitments on the permit and its continued pursuit …

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Spanish Cepsa still invests in Morocco

In order to jointly boost the asphalt activity in Morocco and exploit synergies in the medium and long term, Madjaline Holding sells to Cepsa 40% of its interests in its companies Sorexi and Bitulife, leaders in the manufacture and sale of asphalt in Morocco. This transaction, which takes place in …

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Sound Energy begins talks for sale of LNG

The British company announced on Monday June 29 that it had entered into exclusive negotiations with a Moroccan conglomerate for the sale of liquefied natural gas from the TE-5 Horst well located in the Tendrara deposit (North). The undisclosed conglomerate thus obtains exclusivity from the proposed gas sales agreement until …

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SDX Energy relaunches its oil prospecting in Morocco

Oil and gas exploration company SDX Energy wants to launch two new tests on the LMS-2 deposit of the Lalla Mimouna (Kenitra) permit at the end of the 3rd quarter or at the beginning of the 4th quarter 2020. “The post-drilling analysis of the LMS-2 at Lalla Mimouna identified similarities …

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SDX Energy prepares new tests in Morocco

The oil and gas exploration company announced, Tuesday, June 23, that it intends to launch the tests on the LMS-2 deposit in the Lalla Mimouna (Kenitra) permit at the end of the 3rd quarter or at the beginning of the 4th quarter 2020. “The post-drilling analysis of LMS-2 at Lalla …

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Fuel prices rise in Morocco

Except for major events or new periods of containment in the world because of the Covid-19, the trend in hydrocarbon prices becomes bullish again. Pump prices have gained up to 70 cents in a month. And a further increase of an average of 30 to 40 cents is expected on …

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Chariot bet on its operations in Morocco

Chariot Oil & Gas announced that it has started the first discussions with ONEE and the main players in the Spanish gas market with a view to future gas supply agreements. The British company, which exploits the “Lixus offshore” deposit in northern Morocco, claims that the studies undertaken “have demonstrated …

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