It is important to add that our success in Morocco has only been made possible by the Moroccan Government and our partner, ONHYM.
- What are your future plans for operating in Morocco?
We firmly believe in Morocco as an oil and gas region and have an exciting period of activity planned over the coming years, to help ease the domestic constraint on natural gas supply. Following our very successful nine well drilling campaign in 2017-2018, we are currently planning for a second drilling campaign, which we anticipate commencing in Q3 2019.
In the meantime, and following our Gas Sales Agreement with Peugeot, we expect to sign more gas sales agreements in the area. We recently gas contracts with four new customers that are currently being connected, and see significant growth potential for our business in the near term. Our pipeline has spare capacity and, having identified significant demand, we initiated “Projet Vingt Quatre” (24), with our partner ONHYM, to help increase output through this line over the next three years to bring it up to capacity.
- SDX Energy has acquired several permits in Morocco. What makes Morocco such an attractive country to operate in? Is Morocco's competitive Hydrocarbons Code a key influence?