Al Qarra- Australia’s Energy Vida, Spain’s Repsol and most recently American PXP. Oil companies keep knocking at Morocco’s door. The past year has been witness to a craze for oil exploration in the Kingdom.
Jean-Pierre Favennec, oil expert:
"Companies go there if they are looking to find oil. With the current search for new ideas, new prospects, and new trends, that’s what’s happening. There’s also the fact that the conditions are there, oil laws were revised. Morocco has become very attractive. Even if the chances of making a discovery are relatively low, if you find substantial amounts, you’ve hit the jackpot. "
