Oil Review Middle East: Sound Oil Signs Farm-in Deal for Moroccan Licence

Sound Oil, [a] Mediterranean-focused upstream energy company, has entered into a farm-in agreement with the Moroccan Oil and Gas Investment Fund for the Tendrara Licence onshore the North African country.

The Tendrara Licence is currently owned 75 per cent by OGIF and 25 per cent by National Office of Hydrocarbons and Mines (ONHYM), Moroccan national hydrocarbon and mineral company, which has a 25 per cent carried interest.

The onshore licence includes two stranded gas discoveries with low risk appraisal potential and significant blue sky exploration upside and covers eight blocks across a total of 14,500 sq km in the north east of Morocco.

Read the full article HERE.