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.
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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