From Reuters

U.S. energy major Chevron needs at least two and a half years to gather seismic data before deciding whether to stay in Morocco, the head of its Moroccan affiliate said.

In January, Chevron Morocco Exploration Ltd signed an agreement with Morocco’s Office National Des Hydrocarbures Et Des Mines (Onhym) for three deepwater blocks in one of the less explored areas in the region.

Vice President and Country Manager at Chevron Morocco Exploration, Carl Atallah, told Reuters the company was still in the early stages of exploration.

 

 

“We plan two and a half years of seismic data to make a decision whether to stay in Morocco or not. Based on that we will launch 3D surveys and I am confident we will,” Atallah said.

Chevron will acquire seismic data and conduct studies in deepwater areas known as Cap Rhir Deep, Cap Cantin Deep and Cap Walidia Deep, 100 to 200 km (60-120 miles) west and northwest of Agadir in southern Morocco.

 

 

 

Written by Aziz El-Yaakoubi/Read more at Reuters