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…”


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