Australian energy firm Woodside Petroleum has signed a reconnaissance licence with the Office National des Hydrocarbures et des Mines to explore the Rabat Ultra Deep Offshore area block in Morocco.
The 36,737km² block, with depths ranging from 1,700m to 4,400m, is situated west of the Rabat Deep Offshore I to VI permits.
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Commitments under the work programme include a 2D seismic survey and studies. The one-year licence is subject to ministerial approval.
Earlier this year, Woodside Petroleum finalised an agreement to farm-in to Chariot Oil & Gas’ Doukkala Basin assets, offshore north-west Morocco.
Woodside acquired a 25% working interest in Rabat Deep Offshore permits I to VI and agreed to pay all of the 3D seismic acquisition and processing costs incurred.
Chariot will remain the operator with a 50% stake, while the Office National des Hydrocarbures et des Mines holds the remaining 25% interest.
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By GlobalDataThe Rabat Deep licence area is located 50km offshore in water depths ranging from 150m to 3,500m.
Woodside said the Rabat Deep permits complement its acreage position in the adjacent Canary Islands and supports its plans to build a global exploration portfolio.
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