Woodside Gets License to Explore Morocco's Rabat Ultra Deep Offshore Area



Woodside Pertoleum Ltd. announced Wednesday that it has entered into a contract for an exclusive Reconnaissance License (RL) with the Office National des Hydrocarbures et des Mines, the National Oil Company of the Kingdom of Morocco, to explore a block offshore Morocco.

The block, known as the Rabat Ultra Deep Offshore area, comprises a total of 14,184 square miles (36,737 square kilometers) with depths ranging from 5,577 feet (1,700 meters) to 14,435 feet (4,400 meters).

The block is located just west of the Rabat Deep Offshore I-VI permits, in which Woodside has acquired, subject to Ministerial approval, a 25 percent interest.

Commitments under the RL work program include a 2D seismic survey and studies. The RL duration is for 12 months. The grant of the RL is subject to Ministerial approval.



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