Exploration & Production

Moroccan offshore exploration at a crossroads

IOCs exploring off Morocco are consolidating their positions, but the future of the country’s offshore sector is still far from certain IOCs exploring off Morocco are consolidating their positions, but the future of the country’s offshore sector is still far from certain.
By Verity Ratcliffe 15 March 2017 0 25044
A Woodside seismic survey ship. The company is one of a number of IOCs exploring off Morocco. (Woodside)

Morocco’s offshore explorers are focusing on completing and evaluating seismic data in their acreage now several landmark farm-in deals have been completed – and a handful of less notable players have made their exits. How those that remain decide to proceed will demonstrate the extent of their interest in the potential riches off the Moroccan coast. 

Eni’s purchase of a 40% share of the Rabat Deep offshore permits last year received government approval in January. This means the company can advance with its plans to explore...