ABN – Mubadala Petroleum has signed an agreement with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) to assess hydrocarbon prospects offshore Morocco.
Mubadala’s Energy CEO Sultan Al Jaber signed the agreement alongside ONHYM general director Amina Benkhadra.
The agreement provides Mubadala Petroleum with a select exploration licence to carry out a detailed geological evaluation at Mediterranee Ouest.
Musabbeh Al Kaabi, CEO of Mubadala Petroleum, said that he is pleased to be building a strong relationship between the United Arab Emirates and Morocco.
He added: “We very much hope this agreement will pave the way for further co-operation with ONHYM both on the more detailed exploration of the Mediterranee Ouest area and in other projects.”