Repsol Signs Deal With Shell, ONHYM to Explore Hydrocarbons in Morocco
February 07 2018 - 8:49AM
Dow Jones News
By Euan Conley
Repsol (REP.MC) has signed an agreement with Morocco's National
Bureau of Hydrocarbons and Mines, known as ONHYM, and Royal Dutch
Shell PLC (RDSB.LN) to explore the country's onshore Tanfit area,
the Moroccan state-owned company said Wednesday.
Under the petroleum agreement the companies will explore 9,990
square kilometers of the Tanfit area for hydrocarbon potential.
Spanish oil-and-gas company Repsol will be the operator of the
project, ONHYM said.
Write to Euan Conley at euan.conley@dowjones.com
(END) Dow Jones Newswires
February 07, 2018 08:34 ET (13:34 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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