Morocco's ONAREP and US Kerr-McGee firm sign oil search deal
Morocco, Business, 10/5/2001

Morocco's state-owned "ONAREP" (National office of Oil Research and exploration) and US Kerr-McGee oil and gas company on Thursday signed an accord over offshore hydrocarbon research.

The 12-month "reconnaissance contract" will cover 110,400 square kms in Boujdour offshore area (southwestern Morocco)

The deal was signed by ONAREP general manager, Amina Benkhadra, and Vice-chairman of the US company, David Christian, in the presence of Morocco's minister of industry, trade, energy and mining, Mustapha Mansouri and royal advisor, Andre Azoulay.

Kerr-McGee will carry geological and geophysical studies to evaluate the hydrocarbons potential in this area.

Kerr-Mc Gee is currently holding with British Enterprise and South African Energy Africa six "research permits'' in Cap Draa offshore, on the Atlantic coast.

Morocco's minister of industry, trade, energy and mining said at the signing ceremony the reconnaissance contract will further consolidate cooperation in energy between Morocco and the USA, after the cooperation agreement on the peaceful use of nuclear energy signed by his department two weeks ago and the US energy department and the US-Africa joint action for the development of clean energy technologies.

He added nine other oil agreements and 5 reconnaissance contracts had been signed for various Moroccan on-shore and off-shore regions, in addition to 47 research licenses.

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