The feasibility studies are designed to assess blue hydrogen and carbon capture and storage projects that can integrate with Pilot s existing assets and infrastructure.
Sound expands in east Morocco
Jun 14, 2021 7:15:am
Summary The company is expanding its positions at its main assets in east Morocco for an initial payment of just $1.
by: Joseph Murphy
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Sound expands in east Morocco
London-listed Sound Energy said on June 14 it had reached a deal to acquire Schlumberger s interests in its oil and gas assets in east Morocco for an initial payment of just $1.
Under the transaction, Sound will expand its positions at the Anoual and Greater Tendrara exploration permits by 27.5% to 75%, and gain full control over its 75% interest in the Tendrara concession. Schlumberger currently has a 27.5% indirect interest in Tendrara through a contract with Sound.
Canadian junior Zenith Energy made a bid for the assets in late 2019, but withdrew its offer after the slump in European gas prices as a result of the pandemic.