Woodside Firms Its Interest In Moroccan Offshore

Australia’s Woodside Petroleum on 26 November announced it had signed a reconnaissance licence for the Rabat Ultra Deep Offshore block in Moroccan waters.

The block is adjacent to (further offshore from) acreage offshore north western Morocco that the Australian company bought into earlier this year. Under the terms of the latest 12 month licence, Woodside will conduct 2D seismic of the 36,000sq km block, where water depths range from 1,700ms to 4,400ms.

The deal follows Woodside’s July farm-in to the Rabat Deep permit (150-3,500ms depth), held by Chariot Oil and Gas. Here Woodside acquired a 25% participating interest, with the option of taking up a further 25% and operatorship in return for paying for an exploration well planned for next year (MEES, 4 July). (CONTINUED - 276 WORDS)