The National Office of Hydrocarbons and Mining (ONHYM) and oil company CONOCOPHILLIPS MOROCCO VENTURES LTD have signed a recognition contract for the onshore zone known as “MESORIF” located in northern Morocco, ONHYM announced on Friday in a press release.
This contract was signed by Amina Benkhadra, Director General of ONHYM, and Mélissa Anne Coleman, Vice-president of the oil company CONOCOPHILLIPS MOROCCO VENTURES LTD. This event took place during a videoconference meeting.
According to the press release, this 2-year hydrocarbon exploration contract relates to carrying out geology and geophysical studies, as well as carrying out a 2D seismic acquisition campaign which will be undertaken the second year.
This signing marks a new entry into Morocco for the company CONOCOPHILLIPS since the merger of the two entities Conoco and Phillips Petroleum at the end of 2001. Each of these two companies had carried out exploration works in Morocco in the 1970s and 2000s.
The American oil company CONOCOPHILLIPS COMPANY, parent company of CONOCOPHILLIPS MOROCCO VENTURES LTD, is one of the world’s largest independent exploration and production companies in terms of production and proven reserves. It has interests in hydrocarbon projects in seventeen countries in five continents.
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