Woodside to Pick up Moroccan Acreage

 

Woodside advises that it has entered into a contract for an exclusive Reconnaissance Licence
(RL) with the Office National des Hydrocarbures et des Mines, the National Oil Company of the
Kingdom of Morocco, to explore a block offshore Morocco.

The block, known as the Rabat Ultra Deep Offshore area, comprises a total of 36,737 km2 with
depths ranging from 1700m to 4400m.

The block is located just west of the Rabat Deep Offshore I-VI permits, in which Woodside has
acquired, subject to Ministerial approval, a 25% interest.

Commitments under the RL work program include a 2D seismic survey and studies. The RL
duration is for 12 months. The grant of the RL is subject to Ministerial approval.