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ONHYM and ConocoPhillips sign a new oil exploration agreement

The National Office of Hydrocarbons and Mines (ONHYM) and the oil company ConocoPhillips Morocco Ventures LTD have signed a recognition contract for the onshore area known as “MESORIF” located in the North of Morocco, announced ONHYM in a press release on Friday.

This contract was signed by Mrs. Amina Benkhadra, Director General of ONHYM, and Mrs. Mélissa Anne Coleman, Vice-president of the oil company ConocoPhillips Morocco Ventures LTD. This signing took place during a videoconference meeting.

According to the press release, this 2-year hydrocarbon exploration contract relates to carrying out geology and geophysical studies, as well as carrying out a 2D seismic acquisition campaign which will be carried out the second year.

This signing marks a new entry into Morocco for the company ConocoPhillips since the merger of the two entities Conoco and Phillips Petroleum at the end of 2001. Each of these two companies had carried out exploration work in Morocco in the 1970s and 2000s.

The American oil company ConocoPhillips Company, parent company of ConocoPhillips Morocco Ventures LTD, is one of the world’s largest independent exploration and production companies in terms of production and proven reserves. The company has interests in hydrocarbon projects in seventeen (17) countries on five continents.

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