VOL. XXXIII

NO. 24

19-MARCH-1990

Morocco

Texaco Awarded Three Production-Sharing Agreements

Morocco's Office National de Recherches et d'Exploitation Petrolieres (Onarep)last month signed with Texaco Exploration Maroc Casablanca Inc., a subsidiaryof the US firm Texaco, three offshore production-sharing agreements covering anarea of 1.5mn acres immediately off Casablanca. Texaco is committed to spend$57mn during a four-year exploration period, with two optional extensionstotalling an additional...