the exploitation of the Larache basin could start by 2024

The strategy led by ONHYM for the promotion of the sedimentary basins of the Kingdom has made it possible to attract investments from 12 foreign oil companies over the past ten years. This was revealed by the Minister for Energy Transition and Sustainable Development. The volume of investments in gas and oil exploration in Morocco reached 28.5 billion DH between 2000 and 2021. The studies expected in the different regions are promising, especially in Larache where the exploitation phase could be generated from by the end of 2024.

In her response to a written question from a Popular Movement deputy in the House of Representatives, the Minister of Energy Transition and Sustainable Development, Leila Benali indicated that oil and gas exploration operations will provide significant investments and high technology. The strategy led by the National Office of Hydrocarbons and Mines (ONHYM) for the promotion of the sedimentary basins of the Kingdom has made it possible to attract investments from 12 foreign oil companies during the last ten years. The volume of investments in gas and oil exploration in Morocco reached 28.5 billion DH between 2000 and 2021.

To this expectation, she assured that ONHYM has adopted a strategy which consists, “initially, in carrying out an assessment of the potential in the different land and sea areas of the Kingdom. Based on the results of this analysis, a second phase of promotion of these potentialities is initiated with foreign oil companies”.

Leila Benali pointed out that Morocco has different land and sea basins, whose geological data make it possible to “create included petroleum systems capable of accumulating oil and gas deposits”, noting that “considerable efforts have been made to develop oil and gas exploration operations in the different regions of the Kingdom”.

With regard to the results of the explorations, the Minister cited several discoveries of large gas deposits, such as the Gharb basin, which harbors significant economic potential despite its limited volume, and that of Essaouira, which still produces large volume of gas and condensed gas.

At the level of the Larache basin, on the basis of geological and geophysical studies, ONHYM and its partner set up an exploration well between December 2021 and January 2022, which revealed interesting gas potential. “If the studies confirm the economic interest of this deposit, the stakeholders will move on to the exploitation phase at the end of 2024”, announces Leila Benali.

Concerning the Tendrara area, exploration wells were dug between 2016 and 2019 based on scanning, processing and extrapolation of 3D seismic data, two of which confirmed the presence of natural gas. she specifies. She revealed, in this sense, that “this exploration will be developed through the creation of a processing and transport infrastructure in order to ensure the supply of natural gas to the thermal power stations of the National Office of Electricity and Of drinking water “.

In addition, studies and appropriate research on the exploitation of shale oil and gas have confirmed that Morocco has significant potential in the areas of Timahdit, Tarfaya and Tangier, she said, adding that ” geological studies and geochemical diagnostics have led to encouraging results at the Cretaceous level in the Errachidia-Goulmima, Boulemane and Laâyoune-Boujdour basins”. In this sense, the Minister revealed that a new strategy has been adopted in recent years aimed at concluding partnership agreements between ONHYM and leading international companies in this type of project, while “countries like Canada and Estonia exploit oil shale through the combustion of shale to produce electricity”.

Leila Benali pointed out that in the field of oil shale two main challenges have to be met, namely the problem of the transition from the phase of technological studies to that of production, as well as environmental challenges. Regarding shale gas, Benali said that Morocco has carried out several researches in the Tadla-Al Haouz and Oriental basins, in particular the two basins of Boudnib and Zag, over an area of ​​130,948 km². It was also carried out the study, evaluation and realization of 22 geological exploration boreholes, as well as 2D seismic studies, which covered an area of ​​300 km² at the level of the Zag basin, at- it was added.




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