The company has entered into an agreement with Eni to acquire a 30% participating interest in the Tarfaya Shallow Exploration Permit, a series of 12 neighbouring offshore blocks along the Atlantic coast of the Kingdom of Morocco.
Offshore & subsea - 13 March 2019
The discovery opens new opportunities for oil exploration in the north-west part of the prolific Block 15/06.
The company has secured a contract renewal from Equinor which covers the provision of maintenance, reliability and integrity management.
In support of President Donald J. Trump’s America-First Offshore Energy Strategy, it has been announced that BOEM proposes to offer 78 million acres for a region-wide lease sale scheduled for August 2019.