KEYFACT Energy
Murphy Oil has signed a Petroleum Agreement securing an operated position in Morocco’s Gharb Deep Offshore deepwater block which covers more than 4 million acres. Murphy holds a 75 percent working interest in the block, with the remaining 25 percent working interest held by the Office National des Hydrocarbures et des Mines (ONHYM). The Petroleum Agreement does not include any firm well commitments in the initial three-year exploration phase.
The agreement was signed by Amina Benkhadra, chief executive of ONHYM, and Christopher C. Olson, vice president of Murphy Oil Corporation
The initial phase of operations will include geological studies, seismic evaluation, and early-stage exploration programs, with further investments expected as projects advance.
KeyFacts Energy: Murphy Oil Morocco country profile