Country report
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32 Pages

Morocco upstream summary


Morocco upstream summary

Report summary

Morocco has the lowest reserves in Northern Africa, with limited historic exploration drilling. Domestic energy demand is met almost entirely by imports, offset slightly by a few minor onshore gas fields. Fiscal terms are generous to IOC's in order to attract investment, resulting in a wide range of minor companies in the onshore sector. Majors have also entered Morocco to explore the offshore basins in recent years. The current territorial dispute over Western Sahara has yet to be ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 720.84 KB 32 Pages, 7 Tables, 10 Figures
  • Country Overview XLS - 332.50 KB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Geology
    • Introduction
      • Hercynian Compressional Phase
      • Triassic-Lower Jurassic Extensional Phase
      • Alpine Compressional Phase
    • Pre-Rif/Rharb Basin
      • Pre-Rif
      • Rharb Basin
      • Offshore Rharb Basin
    • Doukkala Basin
      • Offshore Doukkala Basin
    • Essaouira Basin
      • Essaouira-Agadir Basin (offshore)
    • Beni Mellal Basin
    • Atlas Basin
      • Missour Basin
      • Guercif Basin
      • High Plateau
      • Boudenib Basin
      • Ouarzazate Basin
    • Bechar Basin
    • Aaiun-Tarfaya Basin
    • Tindouf Basin
    • Souss Basin
    • Alboran Sea Basin
    • Gulf of Cadiz Basin
  • Exploration
    • Licensing
    • Exploration and Licensing 1900-2000
    • Licensing Post 2000
    • Renewed interest in the offshore
    • Territorial Disputes
      • Western Sahara
      • Spain
    • Drilling
      • Drilling activity
    • 2000-2008
    • Post-2008
    • Unconventional Oil
  • Reserves and resources
    • Liquids
    • Gas
  • Production
    • Liquids
    • Gas
  • Infrastructure
    • Oil infrastructure
    • Pipelines and Terminals
      • Pipelines
      • Terminals
    • Refining
      • Mohammedia Refinery
      • Sidi Kacem Refinery
      • Jorf Lasfar
    • Gas infrastructure
    • Domestic Supply Network
    • Transit Pipelines
    • Royalty Gas / Off-take Pipelines
  • Costs
    • Capital costs
      • Capital expenditure by location
      • Onshore Expenditure
      • Offshore Expenditure
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • Licensing
      • Reconnaissance Licence
      • Exploration Permit
      • Exploitation Concession
  • Fiscal terms
    • Overview
    • Upstream
    • Current fiscal terms
    • Concessions
    • State Equity Participation
      • Participation Rate
      • Carry & Reimbursement
    • Bonuses, Rentals and Fees
      • Signature Bonuses
      • Production Bonuses
      • Area Rentals
      • Training Fees
      • Other Bonuses and Fees
      • Indirect Taxes
      • VAT/Sales Taxes
      • Import Duties
      • Social Development Levies
    • Royalty and Other Production Taxes
      • Royalty
      • Export Duty
      • Environmental/CO2 Taxes
      • Other Production Taxes
      • Domestic Market Obligation (DMO)
      • Contractor Revenue Entitlement
    • Product Pricing
      • Liquids Pricing
      • Natural Gas Pricing
    • Corporate (or Petroleum) Income Tax
      • Tax Rate
      • Taxable Income
      • Abandonment
      • Investment Uplift/Credit
      • Loss Carry Forward
      • Additional Profits Taxes
      • Fiscal/Contractual Ring-fences
      • Dividend Withholding Tax
      • Other Taxes
    • Sample Cash Flow
    • Historical background
    • Pre-1980s
    • 1990s
    • 2000s

In this report there are 17 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Geology
    • Geology of Morocco
    • Rharb and Pre-Rif Region Stratigraphy
    • Essaouira Basin Generalised Stratigraphy
  • Exploration
    • Exploration: Table 1
    • Blocks Awarded by Region
    • Exploration: Table 2
    • Moroccan Licensed Acreage Map
    • Exploration Drilling 1965-2014 (does not include appraisals)
  • Reserves and resources
    • Remaining Liquids and Gas Reserves (Commercial)
  • Production
    • Liquids Production (1965-2020)
    • Gas Production by Basin (1965-2025)
  • Infrastructure
    • Infrastructure: Table 1
    • Infrastructure: Table 2
  • Costs
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • GEM models
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