ConocoPhillips Signs Oil Exploration Deal in Northern Morocco

The signing of the contract between Amina Benkhadra, Director General of ONHYM, and Melissa Anne Coleman, Vice President of the oil company Conocophillips Morocco Ventures LTD, took place by videoconference, according to an ONHYM press release.

This two-year hydrocarbon exploration contract provides for the completion of geological and geophysical studies as well as a 2D seismic acquisition campaign, the press release specifies.

For the Conocophillips company, this signing opens a new page in its history with Morocco since the merger of the two entities Conoco and Phillips Petroleum at the end of 2001; which had carried out exploration work in the kingdom in the 1970s and 2000s.

Parent company of Conocophillips Morocco Ventures LTD, the American oil company Conocophillips Company is one of the largest independent exploration and production companies in the world. It is present in 17 countries on five continents, where it develops various hydrocarbon projects.