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Morocco Grants 10 New Oil and Gas Exploration Licenses Off Kenitra Coast in Partnership with Murphy Oil
Morocco has issued ten new licenses for oil and gas exploration off the coast of Kenitra, in partnership with the American company Murphy Oil. These licenses cover an area of approximately 17,000 square kilometers in the deep waters west of the Atlantic coast. The license period is three years, with the first phase focused on analyzing geological and seismic data before beginning exploratory drilling. Issuing the licenses does not guarantee the presence of commercially recoverable quantities. While Morocco continues to rely heavily on imports to meet its oil and gas needs, this potential discovery supports efforts to diversify energy sources and reduce dependence on imports.
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