Morocco: Sound Energy signs gas sales MoU
Issue 403
- 07 Nov 2019
| 1 minute read
Sound Energy has announced a memorandum of understanding (MoU) with Office National de l’Electricité et de l’Eau Potable (ONEE) for gas sales from the Tendrara concession in eastern Morocco. AIM-listed Sound put its eastern Morocco operations up for sale earlier this year after the first two wells of its 2018-19 eastern Morocco exploration campaign failed to achieve commercial gas flow rates.The MoU covers the first 0.5bcm/yr (about 48.4mcf/d) of production, with arrangements for production above this level to be negotiated in the final gas sales agreement (GSA).
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map
Register