Global oil company Serica Energy has revealed intentions to farm-out its interests in two offshore Moroccan blocks
The oil firm manages a 25 per cent working interest over each of its offshore Moroccan blocks, Foum Draa and Sidi Moussa, which have a combined surface area of more than 12,700 sq km.
Serica chairman and interim CEO Tony Craven Walker stated, “We are reaping rewards from our farm-out efforts in Morocco, which we hope to announce shortly.”
The statement came less than two months after Serica entered into a farm-out agreement with Exploration (Luderitz Basin) Ltd, which led to the wholly-owned BP subsidiary gaining a 30 per cent interest in Serica’s offshore Namibia Luderitz Basin Licence 0047.
Serica Energy plans Morocco farm-out agreements
