So far, no oil and gas have been discovered in Western Sahara. Two exploration licences are today operated by foreign companies, both from Israel, both offshore.
The Canadian company Wolverine last month completed the take-over of Petromaroc, the small company with interest on the Zag block in occupied Western Sahara
Changes could soon take place in the ownership of a controversial oil block in occupied Western Sahara. New player: Wolverine Energy and Infrastructure from Canada.
The San Leon Energy/PetroMaroc study at the Zag block in occupied Western Sahara is delayed and the partners are penalized by Moroccan authorities. PetroMaroc's future is hanging by a thread.
The planned drilling of a well on the Zag block in - most probably - occupied Western Sahara has now been set to first half of 2014.
British oil firm Longreach Oil & Gas yesterday announced that they are currently undertaking seismic studies in occupied Western Sahara. The studies are carried out in violation of international law.
"I have no problem in stating, in retrospect, that it might have been a bad idea to take this assignment”, CEO of seismic services firm Spectrum ASA told media today. Now, Irish oil minor San Leon has to find another subcontractor to process the geological data they collect from the occupied territory in violation of international law.
Email to Longreach Oil and Gas Ltd, sent 8 July 2011.
UK-Irish oil minors will start seismic surveys in occupied Western Sahara in June 2011.
The Irish/British companies illegally exploring for oil in occupied Western Sahara had planned seismic studies for Fourth Quarter this year. They have still not started, but the plans to carry out the programme remains.
Irish oil firms will explore for oil in the Smara area in complete violation of international law.
Irishmen Bryan Benitz and and Paul Griffiths are leading a company that is planning to profit from an occupation.
A company document from 2007 reveals several of the oil firm\'s plans in the occupied territory.
Morocco is entering new oil contracts with European firms to illegally search for oil in Western Sahara.