Middle East Economic Survey

VOL. LII

No 47

23-Nov-2009

morocco

Caithness Announces Award Of Taounate Reconnaissance License

British independent Caithness Petroleum has announced the award of a one-year reconnaissance license for Moroccos Taounate block. Cabre Maroc, the companys Moroccan subsidiary, is operator and 75% interest holder in the license, with state-owned Office National des Hydrocarbures et des Mines (ONHYM) holding the other 25%. The block covers an area of 4,660 sq km and is largely...