VOL. XXXIV

NO. 6

12-NOVEMBER-1990

Morocco

Onarep Awards Agip an Offshore Concession

The state-owned Office National de Recherches et d'Exploitations Petrolieres(Onarep) has awarded Italy's Agip a production-sharing agreement in the 5,980sq. km. offshore area of Ifni 1, Ifni 2 and Ifni 3 in the Atlantic Oceansouthwest of Agadir, near the Canary Islands. The agreement calls for an initialexploratory phase of eight years and a production period of 25 years, extendibleto 35 years. In the event of a...