IRN has announced that the inaugural Morocco Oil & Gas 2014 Summit will take place on 28th-29th April 2014 in Marrakech, Morocco as a senior level platform for discussions on all new hydrocarbon developments in the country and the business opportunities around them.
Under the guidance of a strong advisory committee, the high profile meeting will provide exclusive industry insights into the investment, exploration, production, and infrastructure landscape in the Moroccan region and provide the opportunity for networking between the Government, international and local oil and gas companies, service providers and key decision makers of the region.
Morocco’s oil and gas reserves remain relatively underexplored whereas its geographically close position to other important oil and gas producing countries, such as Algeria, Libya or Egypt, logically indicates consistent oil-rich geological characteristics. During the past few years, the country’s geostrategic position at the crossroads of Africa, Europe and the Middle East, as well as favourable governmental guidelines for hydrocarbon exploration, competitive fiscal terms, a supportive and stimulating regulatory framework and an international opening initiative; have all attested that Morocco has become the new investment hub for oil and gas.
Morocco has indeed proven to be an area of high interest for the international oil and gas industry. This year alone, at least 10 wells are planned to be drilled. As a matter of fact, the British Gulfsands Petroleum has announced they began drilling nine new wells in the Gharb basin last September.
The Morocco Oil & Gas 2014 Summit will feature distinguished speakers from the Government, NOCs, the international oil and gas companies involved in the country, geologists, experts and key service providers. For the first time, experts will specifically focus exclusively on Morocco’s oil and gas potential to illustrate the current new ventures, economic, operational, regulatory framework and investment opportunities in the region, giving a 360 degree view of the current status, achievements and ways for companies to get involved in the hydrocarbons of the region.
Adapted from a press release by David Bizley
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