US company to participate in Moroccan oil exploration off El Jadida
Plains Exploration and Production Co (PXP) is headquartered Houston, has said it plans to pay $ 15 million, for an exploration license in the Mazagan permit area for oil exploration off the coast of El Jadida.
Source : https://www.marocafrik.com/english/US-company-to-p...
PXP will make a cash payment of $15 million to farm-in to Pura Vida Energy's 75% working interest in the 2.7 million acre Mazagan permit area offshore Morocco. PXP is awaiting final approval by ONHYM and said it plans to drill 2 wells for evaluation by 2014.
Over 30 international oil and ga companies(IOCs) are now engaged in oil and gas exploration on and offshore in Morocco as the country makes a determined push for a major discovery in its long quest for a significant ol find. IOC'sinvesting in Morocco include, amongst others, Cairn Energy, Circle oil, Dana Petroleum, Genel Energy, Kosmos, Petro-Canada (Suncor), Repsol, RWE, San Leon, TransAtlantic.
Over 30 international oil and ga companies(IOCs) are now engaged in oil and gas exploration on and offshore in Morocco as the country makes a determined push for a major discovery in its long quest for a significant ol find. IOC'sinvesting in Morocco include, amongst others, Cairn Energy, Circle oil, Dana Petroleum, Genel Energy, Kosmos, Petro-Canada (Suncor), Repsol, RWE, San Leon, TransAtlantic.
Source : https://www.marocafrik.com/english/US-company-to-p...