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...
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