Casablanca: British company announced that it had made extensive gas detection in the Sidi Mokhtar basin near Essaouira.
It was reported that Morocco represents the company’s most significant target for investment in the future. Reserve replacement and improvement is the key to preserving and elevating revenues as a core country to invest in for the future.
It also said that it has a large portfolio of prospects from which to choose adding that its initial 12 locations have an estimated 25 billion cubic feet of reserves.
34 worldwide oil and gas exploration corporations are investing in Morocco’s hydrocarbon sector. The National Office of Hydrocarbons and Mining (ONHYM) said that an oil test drill carried out had found encouraging gas indications in Sidi Mokhtar (Essaouira province).