Genel pursuing extension to offshore Morocco lease

Offshore staff

LONDONGenel Energy continues to seek farm-in partners to its operated Sidi Moussa license offshore Morocco.

The company says it is in discussions with various parties and is also close to an agreement with state-owned ONHYM on an extension to the license’s expiry date.

Genel forecasts a maximum future exploration expense of around $30 million associated with existing commitments on its Morocco licenses.

Offshore Côte d’Ivoire, the company has exited license CI-508.


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 ...