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...
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