Woodside negotiates farm-in for offshore Morocco

Woodside Energy has finalized a farm-in agreement with Chariot Oil & Gas in the prospective Doukkala basin offshore northwest Morocco.

Jul 7th, 2014

Offshore staff

PERTH, AustraliaWoodside Energy has finalized a farm-in agreement with Chariot Oil & Gas in the prospective Doukkala basin offshore northwest Morocco.

Initially Woodside will take a 25% interest in the undrilledRabat Deep Offshore permits I-VI, with an option for a further 25% plus operatorship for a capped well carry obligation. The agreement is subject to government approvals.

The concessions cover 10,782 sq km (4,163 sq mi) in water depths ranging from 150-3,600 m (492-11,811 ft).

Woodside already holds acreage in the nearbyCanary Islands.

07/07/2014

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