Morocco has contracted a U.S. company to explore for energy in an
offshore bloc in the Atlantic Ocean. Under the deal, the Dallas-based Kosmos
Energy would survey the 1.6 million acre Foum Assaka block off the coast of
Kosmos said the bloc was located in the Agadir basin about 45 kilometers
from the port city of the same name.
Also In This Edition
Kosmos, with interests throughout North
Africa, was deemed the operator of Foum and held a 37.5 percent interest.
Morocco has administered both onshore and offshore energy projects.
Morocco's state-owned energy company, known by its acronym, Onhym, has been
granted a 25 percent interest in Agadir.