VOL. XLI

No. 13

30-March-1998

MOROCCO

Morocco's Onarep Signs Offshore Exploration Deal With Australia's Roc Oil

Morocco's Office National de Recherches et d'Exploitations Petrolieres (Onarep), thestate-owned exploration company, signed a 12-month offshore exploration agreement withAustralia's Roc Oil Company Ltd on 22 March. The deal calls for Roc to spend $1mn ongeological and geophysical research in a 6,000 sq. kms. area known as Foum Draa. Roc willalso update a feasibility study on heavy oil...