Genel Energy to Initiate Farm-Out Campaign for Sidi Moussa Block in Q1 2020

Source: www.gulfoilandgas.com 8/18/2019, Location: Africa

Announcing its unaudited results for the six months ended 30 June 2019, Genel Energy said that, on the Sidi Moussa block offshore Morocco (Genel 75% working interest, operator), processing of the multi-azimuth broadband 3D seismic survey acquired in 2018 over the prospective portions of the block continues. This completes the work obligations associated with the current licence period.

Once completed, the Company plans to initiate a farm-out campaign in Q1 2020, aimed at bringing a partner onto the license prior to considering further commitments. The Company is currently engaged in discussions with the Moroccan Government with respect to the requisite licence time to complete this forward plan.


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