UPI: Morocco natural gas reserves emerging
Morocco could be emerging as a major regional player in terms of potential natural gas production, companies working on fledgling campaigns there said Monday.
Morocco is one of the West African countries that have drawn interest from international energy companies eager to tap into unexploited reserves.
Circle Oil, a British energy company focused on Middle East and North Africa, announced what it considers to be a significant natural gas discovery in Morocco. The company said it achieved production from its Sebou permit area in the country at a sustained test rate of 8 million cubic feet per day.
"We believe that this well will add significant volumes to our reserves for potential gas production and at rates not subject to oil price fluctuation," Circle Oil Chief Executive Officer Chris Green said in a statement.
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