Eni Farms out Moroccan Interest to Qatar

Italian Eni has farmed out to Qatar Petroleum (QP) a 30% participating interest in its Moroccan Tarfaya offshore shallow petroleum agreement, comprising 12 exploration blocks, it said March 13.

The Tarfaya Area is in water depth up to 1,000 metres and covers about 23,900 km². Eni, through its subsidiary Eni Maroc, will have 45% after the deal. State Office National des Hydrocarbures et des Mines has 25%. The deal is subject to government approval.

The parties are performing geological and geophysical studies as part of the first exploration period work programme under the Tarfaya Petroleum Agreement. Eni has had a presence in Morocco since 2016 when established its wholly-owned subsidiary Eni Maroc.

Eni farmed out to QP a 25.5% participating interest in Block A5-A, offshore Mozambique. Eni and Qatar Petroleum are also partners in Oman and Mexico.