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.


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