Morocco: Sound considers Tendrara farm-in

Operator Oil and Gas Investment Fund (Ogif) has given AIM-listed Sound Oil a 30-day period of exclusivity in relation to a potential farm-in to the onshore Tendrara licence. Tendrara is currently held 75% by Ogif and 25% by the Office Nationale des Hydrocarbures et des Mines, and Sound said on 11 May it had offered to take a 55% operated interest. Sound, which is active offshore Italy, said the licence contained two stranded gas discoveries with low-risk appraisal potential, plus significant exploration upside.