Genel pursuing extension to offshore Morocco lease

Genel Energy continues to seek farm-in partners to its operated Sidi Moussa license offshore Morocco.

Jul 28th, 2016

Offshore staff

LONDONGenel 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.

07/28/2016

Share your news withOffshore at news@offshore-mag.com

More in Regional Reports
Regional Reports
DNO offered two UK North Sea licenses