MOROCCO

Offshore Morocco Hots Up With Cairn, Genel Purchases

UK independent Cairn Energy has taken its purchases of acreage offshore southern Morocco to six blocks totalling 10,000 sq km over the past month buying a 50% operator’s stake in the three Foum Draa blocks on 28 August. The deal’s structure is very similar to Anglo-Turkish firm Genel Energy’s purchase of the neighbouring Sidi Moussa block on 23 August (MEES, 27 August). The sellers are the same in both deals....