Petroleum Africa
Find us on: 
Sunday, April 21, 2019
Sound Energy, the Morocco-focused upstream gas company, announced that the process to convert Schlumberger’s existing 27.5% interest in the Anoual permits to a direct 27.5% license position has completed following receipt of the relevant Moroccan Ministerial approvals.
The company’s unchanged interest in the Anoual permits consists of an operated 47.5% participating interest, with the remaining interests in the Anoual permits held by Schlumberger (27.5%) and Morocco’s L’Office National des Hydrocarbures et des Mines (25%).
This most recent conversion concludes the process of converting Schlumberger’s previously synthetic interests across the company’s Eastern Moroccan exploration portfolio to direct license positions. Schlumberger now has a direct 27.5% licence interest in the Greater Tendrara Petroleum agreement, as previously confirmed, and the Anoual permits.
The process to convert Schlumberger’s 27.5% existing interest in the Tendrara production concession, which contains the TE-5 Horst discovery, is ongoing. Further announcements will be made, as appropriate, in due course.
" alt="Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt">
" alt="Sintana Completes Well Testing at Mopane 1-X in Namibia">
" alt="Infill Drilling to Resume at the Ceiba Field in Equatorial Guinea">
" alt="Uganda National Oil Company Appoints New Executive">
" alt="World’s First Ammonia Dual-Fuel Aframaxes to be Developed by MISC">
" alt="Galp Completes Mopane-1X Well Testing">
" alt="ReconAfrica Updates Activity on Upcoming Namibia Drilling Program">
" alt="SDX Disposes of West Gharib Asset in Egypt">
