Morocco Declares Shale Oil Exploitation Will Commence in Five Years

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Marrakech: The National Office of Hydrocarbons and Mining (ONHYM) stressed in a report that shale oil production from San Leon’s Timahdit permit, which is 240 km south East of Rabat, will only commences in 5 years.

Morocco Declares Shale Oil Exploitation Will Commence in Five Years

Morocco Declares Shale Oil Exploitation Will Commence in Five Years

At the same time as initial testing outcomes by San Leon Energy were giving confidence they require to be complemented by more explore, as well as environmental feasibility and technical studies.

The manufacture, which would be limited to 10,000 barrels a day, would not take place before 5 years, the report stated.

ONHYM has been watchful to administer prospects in the recent drilling run for oil and gas this 2014.

Mohamed Dekkak