Exploration Agreement Signed with Three American Firms
Morocco's Office National de Recherches et d'Exploitations fetrolieres (Onarep)on 16 July signed a production-sharing agreement with three American firms,Walter International Morocco, McHoran Morocco, and Samedan of North Africa. Theaccord, the first under the 1986 oil exploration legislation, covers 2,650 sq.kms. in the offshore Tarfaya area in southern Morocco. Mobil Oil carried outexploration activities...