Qatar Petroleum has joined the Italian oil company ENI and Morocco’s Office for Hydrocarbons and Mining ONHYM to explore for oil and gas off Tarfaya. ENI and Qatar Petroleum have signed an agreement on Wednesday allowing the Qatari company to acquire a 30% stake in the offshore concession of Tarfaya, including 12 blocks of exploration off Morocco. The companies are currently conducting geological and geophysical studies to assess the potential of the exploration areas, as part of the work program for the first phase of exploration under the Tarfaya Petroleum Agreement. The Tarfaya exploration permit covers an overall area of approximately 23,900 square kilometers and waters up to 1,000 meters deep. Qatar Petroleum and the Italian ENI also operate in Mexico, Mozambique, and Oman.

Source: The North Africa Journal March 13, 2019 17:03 UTC