Genel pursuing extension to offshore Morocco lease
Genel Energy continues to seek farm-in partners to its operated Sidi Moussa license offshore Morocco.
The company says it is in discussions with various parties and is also close to an agreement with state-owned ONHYM on an extension to the license’s expiry date.
Genel forecasts a maximum future exploration expense of around $30 million associated with existing commitments on its Morocco licenses.
Offshore Côte d’Ivoire, the company has exitedlicense CI-508.
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