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Italy’s Eni and Qatar Petroleum have signed a farm out agreement to enable Qatar Petroleum to acquire a 30% participating interest in Tarfaya offshore shallow petroleum agreement, comprising 12 exploration blocks in the offshore Morocco. The agreement is subject to the authorization by the Moroccan authorities, Eni said on Wednesday.
The Tarfaya Area is located in the southern part of the Moroccan offshore shallow waters in water depth up to 1,000 meters and covers a total area of approximately 23,900 km2. Eni currently holds a participating interest of 75% through Eni Maroc, while the Office National des Hydrocarbures et des Mines holds 25%. Following the transaction, the partnership will be Eni (45%), Qatar Petroleum (30%), and Office National des Hydrocarbures et des Mines (25%).
N.world
The Tarfaya Area is located in the southern part of the Moroccan offshore shallow waters in water depth up to 1,000 meters and covers a total area of approximately 23,900 km2. Eni currently holds a participating interest of 75% through Eni Maroc, while the Office National des Hydrocarbures et des Mines holds 25%. Following the transaction, the partnership will be Eni (45%), Qatar Petroleum (30%), and Office National des Hydrocarbures et des Mines (25%).
N.world