Petroleum Africa
Find us on: 
Thursday, May 8, 2014
Chevron says in two and a half years it will know what it has in Morocco. Over this period the company will gather seismic data and process it before making the decision as to whether to move forward according to a Reuters report.
The US major’s VP and Country Manager for its Moroccan unit, Chevron Morocco Exploration, Carl Atallah told Reuters the company was still in the early stages of exploration. “We plan two and a half years of seismic data to make a decision whether to stay in Morocco or not. Based on that we will launch 3D surveys and I am confident we will,” Atallah said.
The company holds a 75% working interest in the Moroccan deepwater blocks Cap Rhir Deep, Cap Cantin Deep and Cap Walidia Deep which cover approximately 29,200 sq km in water depths ranging from 100 meters to 4,500 meters.
“We have the opportunity to be in an explored large area. It is with high risk, but with a high potential,” Reuters cited Atallah as saying. “It is always a good thing to be in an explored area,” he added. “We are making significant exploration investments here in Morocco, similar to what are we doing in Liberia and Sierra Leone.”
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
