Olympus Energy, a subsidiary of the Shahzad International Group, may be seeking partners in its Doukkala Abda reconnaissance licence. The 4,673 sq km licence was awarded to Olympus on 31 May 2016, with the acreage being one of six promoted by ONHYM during early 2016. It is located onshore in the Doukkala Basin and lies to the east of Chevron's offshore Cap Cantin Deep Offshore and Cap Walidia Deep Offshore exploration permits. The Permo-Triassic rift basin contains the prolific Triassic TAGI sandstone play, as well as additional plays in the Palaeozoic. Nine wells have been drilled on the block, with seven encountering hydrocarbons shows. The last was drilled by ONAREP (Dar Oulad Talah 1, 4,444m, P&A dry) in 1987. The last company to hold the acreage was Eni, with a reconnaissance licence, between November 2006 and October 2009. The company acquired a 484km 2D seismic survey. Shahzad operates Doukkala Abda with 75% equity, in partnership with ONHYM (25%, carried). The Pakistani company also holds the HaHa onshore exploration permit via Petroleum Exploration (Pvt) Ltd, located in the Essaouira Basin to the south.
Morocco, Doukkala Abda