20 Oct 2013
(MENAFN) Oil companies in Morocco are speeding up exploration encouraged by the country”s stability and by the potential of offshore reserves, Arab News reported.
Independent explorers have be acquiring the right to explore offshore blocks in the past year and a half, paving the way for big oil companies to invest in the country”s oil sector.
Managing director of Australia’s Pura Vida Energy said that 10 exploration wells will be drilled offshore in the next year and a half, compared to only nine wells in the past two decades.
“That represents an investment of $500 million to $1 billion, and that is a big show of confidence from the industry,” he said.
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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