Rabat - The Wilaya of the Oriental Region has approved Sound Energy’s plan to carry out its gas export pipeline. The British oil and gas exploration specialist will now focus on the engineering and marketing of its new project.
Rabat – The Wilaya of the Oriental Region has approved Sound Energy’s plan to carry out its gas export pipeline. The British oil and gas exploration specialist will now focus on the engineering and marketing of its new project.
The British company said in a statement yesterday that it has received preliminary approval from the Wilaya of the L’Oriental Region to carry out the construction of its proposed pipeline route in Eastern Morocco.
Sound Energy explained that this authorization will pave the way for engineering and commercial activities necessary to support final authorization, another step in the development of the infrastructure required to support the early monetization of gas from the TE-5 Horst discovery at Tendrara, according to the firm.
James Parsons, CEO of Sound Energy, expressed his delight “to have received this confirmation, which supports the significant progress we have made in developing our Moroccan portfolio to date.”
The new pipeline will be needed to transport gas from Sound Energy’s projects in the region to the Gazoduc Maghreb Europe (GME) pipeline, mainly the Tendera and Meridja areas.
“The approval is also further evidence of the relationships that Sound Energy has built in Morocco since entering in 2015, and the mutual co-operation that exists with local, regional and governmental authorities,” added Parsons.
On July 21, the CEO presented Sound Energy’s plans for the newly defined Anoual and Matarka explorations areas in the vicinity of its successful Tendrara gas project in eastern Morocco. The British company signed two new contracts with the National Office of Hydrocarbon and Mines (ONHYM), acquiring two new licences for the two onshore areas.
The first contract concerned the acquisition of a new license in the Meridja reconnaissance zone, while the second concerns the Tendrara area. Sound Energy will hold 47.5 percent in each license, compared with 25 percent for ONHYM and 27.5 percent for Schlumberger.
