{"id":27741,"date":"2018-02-15T15:02:25","date_gmt":"2018-02-15T15:02:25","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2018\/02\/15\/oil-sound-energy-to-expand-again-in-morocco\/"},"modified":"2020-08-11T11:30:56","modified_gmt":"2020-08-11T09:30:56","slug":"oil-sound-energy-to-expand-again-in-morocco","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2018\/02\/15\/oil-sound-energy-to-expand-again-in-morocco\/","title":{"rendered":"Oil: Sound Energy to expand again in Morocco"},"content":"\nSound energy is expanding its operations in Morocco following the conclusion of an agreement with ONHYM offering an 8-year petroleum permit to realise explorations in a large area extending across and beyond the Sidi Mokhtar permit that was formerly known attributed to the company, in Essaouira basin.\nTherefore, a statement released by the British company (created in 2005) said that upon the new\u00a0petroleum agreement becoming effective, it will hold and operate 75% stake in Sidi Mokhtar onshore, while ONHYM will own the remaining 25% shares of the contract. The company is relying on a study that emphasized on a potential of 8, 9 to 11, 2 trillion cubic feet regarding the Sidi Mokhtar onshore.\nSound Energy entered Morocco in 2015 taking a 55% working interest in the Tendrara licence partnering ONHYM (25% interest) and Oil &amp; Gas Investment Fund (OGIF) (20% interest) and assuming Operatorship.\nDiscover out our latest videos about the economic news in Morocco:\n\u00a0\n\n\u00a0\n","author":78,"featured_media":3428,"comment_status":"open","ping_status":"open","template":"","tags":[5754,5761,5751,5753,2961,5750,5762],"location":[5525],"class_list":["post-27741","news","type-news","status-publish","has-post-thumbnail","hentry","tag-business","tag-decision-makers","tag-economy","tag-entrepriseslife","tag-institutions","tag-news","tag-trending","location-morocco"],"short_url":"","have_related_news":null,"chapo":"The Moroccan state regulator for petroleum operations (ONHYM) signed an 8-year new petroleum agreement with British company Sound Energy.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/extraction-of-oil.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/extraction-of-oil.jpg 550w","sizes":"550px","alt":"Oil: Sound Energy to expand again in Morocco 1","width":550,"height":360,"ratio":0.65,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/extraction-of-oil.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/extraction-of-oil.jpg 1170w","sizes":"1170px","alt":"Oil: Sound Energy to expand again in Morocco 1","width":1170,"height":658,"ratio":0.65,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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