QP signs agreement to enter 12 exploration blocks in Morocco

Debriefer - Agencies
2019-03-13 | Since 5 Year

QP farms into Eni's 12 exploration blocks offshore Morocco

اضغط هنا لقراءة الخبر بالعربية

Qatar Petroleum said it has agreed with Italian oil major Eni to acquire a 30 percent participating interest in the Tarfaya Shallow Exploration Permit, a series of 12 neighboring offshore blocks along the Atlantic coast of Morocco.

The agreement, which is subject to regulatory approvals from Morocco, will leave the operator Eni with a 45 percent participating interest and Qatar Petroleum and Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) with 30 percent and 25 percent, respectively.

Qatar Petroleum is an integrated national oil corporation responsible for the sustainable development of the oil and gas industry in the State of Qatar and beyond.

Qatar Petroleum’s activities encompass the entire spectrum of the oil and gas value chain locally, regionally, and internationally, and include the exploration, production, processing, marketing and sales of oil and gas, liquefied natural gas (LNG), natural gas liquids (NGL), gas to liquids (GTL) products, refined products, petrochemicals, fertilizers, steel and aluminum.

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