Qatar Petroleum joins Chevron in deepwater Morocco exploration

Offshore staff

DOHA, QatarChevron has agreed to farm out 30% interests in three deepwater licenses offshore Morocco to Qatar Petroleum.

Under the transaction, already approved by Morocco’s government, Chevron will retain a 45% operated stake in the Cap Rhir Deep, Cap Cantin Deep, and Cap Walidia Deep leases.

The concessions span a total area of 29,200 sq km (11,274 sq mi), 100-200 km (62-124 mi) west/northwest of Agadir, in water depths ranging from 100-4,500 m (328-14,764 ft).

Ali Moshiri, president of Chevron Africa and Latin America exploration and production, said: “We…are looking forward to use our joint capabilities in this exciting subsalt play…”


Share your news with Offshore at

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...