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Woodside bags Morocco offshore exploration licence

26th November 2014

Woodside has entered into a contract for an exclusive reconnaissance licence (RL) with the Office National des Hydrocarbures et des Mines, the national oil company of the Kingdom of Morocco, to explore a block offshore Morocco

Woodside bags Morocco offshore exploration licence
The block is located just west of the Rabat Deep Offshore I-VI permits, in which Woodside has acquired, subject to ministerial approval, a 25 per cent interest

The block, known as the Rabat Ultra Deep Offshore area, comprises a total of 36,737 square kilometres with depths ranging from 1,700 metres to 4,400 metres.

The block is located just west of the Rabat Deep Offshore I-VI permits, in which Woodside has acquired, subject to ministerial approval, a 25 per cent interest.

Commitments under the RL work programme include a 2D seismic survey and studies. The RL duration is for 12 months. The grant of the RL is subject to ministerial approval.

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