RE: Spud14 Dec 2021 23:29
Translated as:
The giant British drilling rig “Stena Don” begins exploration for natural gas on the coast of the city of Larache
And exploration for hydrocarbons, near the coast of the city of Larache (northern Morocco), in order to explore for the first gas wells, which recent studies have confirmed the existence of a very important reserve at this site, and this first operation of its kind for natural gas exploration will extend until February from next year.
The British platform, accompanied by two ships dedicated to towing and support, has actually begun its exploration work, in the area southwest of the city center, which is about 15 minutes away from its shores, according to what was reported by the Moroccan “Anna Al-Khabar” website.
The delegate of the Ministry of Maritime Fishing in Larache published a document in which all coast-goers, sailors and boats for traditional coastal fishing, learned to stay away from the excavation site by a distance of no less than 500 meters, and to facilitate the task of the platform operators.
It is noteworthy that the Kingdom of Morocco concluded a contract to purchase natural gas with a British company, about a month and a half after Algeria decided to end the transfer of gas to Spain via Morocco.
Expectations indicate that Morocco's domestic production of gas will reach 110 million cubic meters this year, while its annual consumption is one billion cubic meters, and Morocco needs about 3 billion cubic meters of gas by 2040.
After the Algerian presidency announced not to renew the agreement on the Maghreb-European gas pipeline, the National Office of Water and Electricity in Morocco said that this decision "will currently have only a small impact on the performance of the national electrical system."
At the end of August, Algeria severed diplomatic relations with Morocco, accusing it of "hostile acts", while the Kingdom expressed its regret over the decision and "rejected its false justifications."
Since 1996, Algeria has exported about 10 billion cubic meters of natural gas annually to Spain and Portugal via the Euro-Maghreb pipeline.
In exchange for the gas pipeline crossing through Moroccan territory, Rabat was getting annually about one billion cubic meters of natural gas at a preferential price, which represents 97 percent of the country’s needs, in addition to financial compensation estimated at about 50 million dollars last year, according to a Moroccan expert.
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