Genel pursuing offshore Morocco farm-out

Offshore staff

LONDONGenel Energy says work continues on the Sidi Moussa license offshore Morocco to incorporate the results of the SM-1 well drilled in late 2014.

A farm-out process continues. Once this is completed, Genel will consider its options regarding the timing of future activity on the license, with a focus on minimizing future expenditure.

The company forecasts a maximum future exploration expense of around $30 million for existing commitments on its Morocco licenses.

01/20/2016

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