Morocco Says Shale Oil Exploitation Will Start in Five Years

Marrakech- The National Office of Hydrocarbons and Mining (ONHYM) clarified in a statement issued on 3rd September that shale oil production from San Leon’s Timahdit permit, which is 240 km south East of Rabat, will only start in 5 years.Whilst initial testing results by San Leon Energy were encouraging they need to be complemented by further research, including environmental feasibility and technical studies.The production, which would be limited to 10,000 barrels a day would not take place before 5 years, the statement said. ONHYM has been careful to manage to manage expectations in the current drilling run for oil and gas this year.© Morocco World News. All Rights Reserved. This material may not be published, rewritten or redistributed.

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