East West Petroleum has signed a petroleum agreement with Office National des Hydrocarbures et des Mines (ONHM) to acquire the Doukkala exploration block, Morocco.
The block, which covers an area of 2,023km², is located along the Atlantic coast, 125km south-west of Casablanca.
Under the terms of the agreement, East West Petroleum will partner with ONHM to explore oil and gas for a period of eight years and will retain a 75% participation interest in the block.
East West Petroleum will carry out regional geological studies, seismic acquisition and reprocessing on the block, followed by exploratory drilling.
East West Petroleum's advisory board member Wak Kani said that previous drilling on the block showed the presence of hydrocarbons in a thick Devonian shale section, over a depth range of 1,500m to 3,000m.