Exploration & Production

QP and Chevron exit Moroccan offshore – ONHYM

Two more companies have abandoned their acreage off Morocco, but other explorers are more optimistic Two more companies have abandoned their acreage off Morocco, but other explorers are more optimistic
By Verity Ratcliffe 6 September 2018 0 32443
A Chevron offshore drilling rig. (Chevron)

Qatar Petroleum (QP) and Chevron are the latest companies to abandon their offshore acreage in Morocco, but some IOCs remain optimistic about the potential of the country’s waters.

Chevron and QP – which together held licences for the Cap Rhir Deep, Cap Cantin Deep and Cap Walidia Deep concessions – left their acreage earlier this year, an official at Morocco’s National Office of Hydrocarbons and Mines (ONHYM) told Interfax Natural Gas Daily. Chevron declined to comment on the matter.

“They did quite a lot...