Fastnet agrees Moroccan farmout deal worth $30m
Irish oil exploration company Fastnet has signed a major farmout agreement on four of its Moroccan licenses that is understood to be effectively worth up to $30 million to the company.
Irish oil exploration company Fastnet has signed a major farmout agreement on its offshore Moroccan license that is understood to be effectively worth up to $30 million to the company.
The deal, which was signed by Fastnet’s wholly owned subsidiary Pathfinder Hydrocarbon Ventures Limited, will see South Korean company SK Innovation take a 12.5 per cent paying interest share over the Foum Assaka offshore contract area in the Agadir Basin in Morocco, which in total comprise...
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