Murphy Oil is keeping Morocco among the four areas on which it is concentrating its oil exploration, alongside the Gulf of Mexico, Côte d’Ivoire and Vietnam. The American group is assessing a vast offshore permit off the coast of Gharb.
Morocco and Nigeria will sign the agreement for the $25 billion giant gas pipeline this year. This 6,900 km project, strategic for Africa and Europe, is expected to deliver its first cubic meters of gas by 2031.
Despite the failures of previous initiatives, largely due to the complexity of the geology, Morocco has not abandoned its dream of finding crude oil in its offshore areas. Explorations are underway in the waters off the coast of the kingdom and the Canary Islands.
The Nigeria-Morocco gas pipeline should see a major turning point in the coming months. The two countries are said to be planning to sign a multilateral agreement as part of this project by next December.
The British energy company Chariot Limited announced on Wednesday the discovery of natural gas in the Anchois-3 well, located off the Moroccan coast.
The British company Chariot Oil & Gas has recently announced a major natural gas discovery in Morocco, in the "Loukos Onshore" license.
The Moroccan Ministry of Energy Transition and Sustainable Development has just granted a new permit for the exploitation of a new natural gas field in Douar Oulad Belkheir, in the west of the kingdom.
The Morocco-Nigeria gas pipeline project is progressing. The engineering study and preliminary design (FEED) should start by September, after the feasibility studies which are already completed.
Chariot Limited announced on Tuesday the signing of an oil agreement with Morocco for a new onshore exploration license in Loukkos, off Larache.
In Morocco, the British company specializing in gas exploration, Chariot Oil & Gas, is stepping up a gear. It will soon obtain a new onshore gas exploration license from the National Office of Hydrocarbons and Mines (ONHYM). This will allow it to produce gas earlier than expected.
The CEO of the Nigerian National Petroleum Company (NNPC), Malam Mele Kyari, partner of the National Office of Hydrocarbons and Mines (ONHYM) in the construction of the Morocco-Nigeria gas pipeline, announced an investment of $12.5 billion, or 50% of the total cost of the project, to accelerate its implementation.
The Canadian company Aya Gold & Silver plans to invest $140 million in the Zgounder silver mine, 200 km south of Marrakech, to quintuple its production by 2024.