Repsol Signs Deal With Shell, ONHYM to Explore Hydrocarbons in Morocco

02/07/18 08:34 AM EST
   By Euan Conley 
 

Repsol (REP.MC) has signed an agreement with Morocco's National Bureau of Hydrocarbons and Mines, known as ONHYM, and Royal Dutch Shell PLC (RDSB.LN) to explore the country's onshore Tanfit area, the Moroccan state-owned company said Wednesday.

Under the petroleum agreement the companies will explore 9,990 square kilometers of the Tanfit area for hydrocarbon potential.

Spanish oil-and-gas company Repsol will be the operator of the project, ONHYM said.

 

Write to Euan Conley at euan.conley@dowjones.com

 

(END) Dow Jones Newswires

February 07, 2018 08:34 ET (13:34 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.