Morocco: Chevron inks deepwater exploration agreements

Chevron Corp.’s Moroccan subsidiary has signed reconnaissance agreements with Morocco’s Onhym covering three frontier deepwater areas offshore in the Atlantic.

Chevron Morocco Exploration Ltd. will shoot seismic and conduct other studies once the deepwater areas known as Cap Rhir Deep, Cap Cantin Deep, and Cap Walidia Deep have been awarded.

The three areas total 11,300 sq miles in 330-14,700 ft of water 60-120 miles west and northwest of Agadir. Chevron Morocco has a 75% working interest in the three areas and Onhym has 25%.