Qatar Petroleum (QP) today announced that he has signed an agreement with Eni of Italy to take an interest in marine discounts in Morocco.
Qatar Energy said in a statement that it would receive a 30 per cent stake in the Tarfaya marine search mitigation, which includes 12 areas off the North Atlantic coast of Morocco.
Following approval of the agreement, the marine rents will be issued as follows: 45 per cent for Energy, 25 per cent for Morocco, National Hydrocarbons Office and Miners and 30 per cent for Qatar Petroleum.
Qatar Petroleum added her statement to a map showing the mitigation site, which is located in Morocco in the south-west, where the recession runs from the coast of the UK from Tan Tan to Tarfaya.
The Tarfaya lighting for marine waters in the shallow waters covers a total area of about 23,900 square kilometers in waters up to 1,000 meters deep.
The first phase of the research, which ends in 2020, incorporates a range of geological and geophysical studies aimed at assessing the full potential of the research fields.