Morocco has finally secured a buyer for a 75% operator’s stake in its deepwater Gharb Deep Offshore area, four years after Spain’s Repsol relinquished the asset due to disappointing exploration results (MEES, 5 March 2021).
On 22 January, Moroccan state firm ONHYM announced the signing of a deal with Murphy Oil, granting the US independent 10 exploration permits for the 16,989km2 acreage, which combines the ‘Gharb Offshore’ and ‘Rabat Deep’ blocks in Morocco’s offshore ‘Atlantic margin’ (see map). (CONTINUED - 607 WORDS)
