ONHYM announces over 1 billion dirhams investment in exploration
The National Office of Hydrocarbons and Mines (ONHYM) has committed an investment of 1.019 billion dirhams (MMDH) in 2024 for the drilling of four exploration wells, comprising three onshore and one offshore. This year also marks a heightened focus on strategic and critical minerals, which are vital for energy and digital transitions.
These figures were highlighted by the Minister of Energy Transition and Sustainable Development, Leila Benali, during the 22nd session of the ONHYM Board of Directors. The meeting was chaired by Benali and attended by Amina Benkhadra, the General Director of ONHYM, Abdellatif Zaghnoun, the General Director of ANGSPE, alongside representatives from various ministries and public establishments.
A key sector for energy sovereignty
Minister Benali emphasized the strategic role of hydrocarbons and mining in the Kingdom's energy sovereignty. She stressed the importance of enhancing the sector's appeal to investors and adapting strategies to the evolving global energy market.
Oil and gas exploration remains a complex and costly endeavor, necessitating increased resource mobilization and partnerships. The minister also reminded attendees that natural gas is a crucial lever for the energy transition, thanks to its low carbon impact and its role in decarbonizing the national industry.
Significant advancements in the Nigeria-Morocco gas pipeline project
Additionally, Benali expressed satisfaction with the significant progress of the Nigeria-Morocco gas pipeline project, described as a continental strategic initiative. This flagship project, aligned with the Kingdom's vision for enhanced South-South cooperation, is expected to contribute to Africa's energy integration and the development of regional gas infrastructure.
With these developments, ONHYM reaffirms its central role in the national energy strategy, focusing on exploring natural resources and securing the country's energy supply.
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