Gulfsands Petroleum plc has announced that its subsidiary, Gulfsands Petroleum Morocco Limited, has been awarded an extension to its Moulay Bouchta Petroleum Agreement together with a revised work programme.
Subsidiary Chariot Oil & Gas Investments (Morocco), has been awarded a 75% interest and operatorship of the Kenitra Offshore Exploration Permit, Morocco in partnership with the Office National des Hydrocarbures et des Mines, which holds a 25% carried interest.
Fact finding tour of UK energy companies will be compiled into government best practice report.
Rystad Energy research indicates Santos’s Ande-Ande Lumut (AAL) project in Indonesia’s NW Natuna Sea, which holds 107 million boe, could comprise around 20% of the 2017 sanctioned volumes in the APAC region.