Granted by decision of Ministry in charge of Energy, upon the conclusion of a reconnaissance Contract (specifying terms: validity period, area, etc.);
Once the reconnaissance works are performed, the parties may decide to begin exploration works. In this case, a petroleum agreement sets out the respective rights and obligations of the parties.
Following the signature of the petroleum agreement between ONHYM and the petroleum company, a joint permit application is filled;
An Association Contract (a joint operating agreement) is signed concurrently with the Petroleum Agreement, to organize relationships between the parties;
The Minister in charge of Energy “MEM” grants exploration permits through a ministerial order within 60 days of the application filling date.
The Petroleum Agreement is approved by joint order of the MEM and Minister in charge of finance (MF);
In case a hydrocarbon discovery is made that unveils commercially exploitable quantities, the holders of the exploration permit are entitled to request an exploitation concession relating to the deposit so discovered, provided that all contractual and technical obligations are performed;
The concession is awarded by Decree of Prime Minister following approval of the request by the MEM.
Pursuant to the Hydrocarbon Code, any petroleum company may conduct reconnaissance, exploration and exploitation activities in Morocco. Such petroleum company must evidence its technical and financial capabilities to carry out the exploration works agreed with ONHYM and undertake to fulfil a minimum work program with a corresponding financial commitment;
Moroccan legislation and regulations apply equally to both local and foreign companies.