morocco

 

Genel Energy Expands Into Morocco

Anglo-Turkish independent Genel Energy has stepped up plans to expand beyond its heartland of Iraqi Kurdistan with the 23 August purchase of 60% and operatorship of the Sidi Moussa Block offshore southern Morocco, where water depth ranges from zero to 1,250ms. The existing three foreign partners in the block, which currently have 75% interest, will decrease their shares pro rata to make way for Genel, which is headed...