#Qatar Petroleum acquires twelve exploration blocks in Morocco | ZAWYA MENA Edition

Qatar Petroleum acquires twelve exploration blocks in Morocco | ZAWYA MENA Edition:

Qatar Petroleum said it has agreed with Italian oil major Eni to acquire a 30 percent participating interest in the Tarfaya Shallow Exploration Permit, a series of 12 neighboring offshore blocks along the Atlantic coast of Morocco.

The agreement, which is subject to regulatory approvals from Morocco, will leave the operator Eni with a 45 percent participating interest and Qatar Petroleum and Morocco's Office National des Hydrocarbures et des Mines (ONHYM) with 30 percent and 25 percent, respectively.