The major hopes to win a reconnaissance licence that allows for exclusive evaluation over an initial one-year period, according to a senior exploration source at the Office National de Recherches et d'Explorations Petrolieres (Onarep) in the Moroccan capital Rabat. Shell is understood to be targeting areas next to acreage awarded on the same basis to Enterprise Oil off Agadir two weeks ago.
Shell joins mob on road to Morocco
SHELL is poised to sign up acreage off the coast of Morocco next week in a move that heralds the return of Big Oil to this long-neglected north African play.
20 December 1997 0:00 GMT
Updated
20 December 1997 0:00 GMT