Boujdour Atlantique
On December 20, 2022, Adarco Energy and Middle East E&P operator NewMed Energy signed an agreement with Morocco to grant exploration and production permits for natural gas and oil. These 17 permits are known as “Boujdour Atlantique” (Block 216) and are located off the Moroccan coast in the Atlantic Ocean.
In the event of a successful exploration campaign, the exploration permits jointly retained by the partners will then be converted into exploitation concessions. Once the field is developed and in exploitation, part of the production of the extracted hydrocarbons will be destined primarily for the Moroccan market.
Under the terms of the agreements, NewMed Energy and Adarco Energy each hold a 37.5% participating interest in the Boujdour Atlantique exploration permit. The Office national des hydrocarbures et des mines du Maroc (ONHYM) holds the remaining 25%.
Adarco Energy is delighted to undertake such a challenge for the benefit of Morocco, in collaboration with NewMed Energy who will be the operator within the framework of this cooperation. Indeed, Morocco’s immense natural gas resource potential has been identified, and the future exploitation of Boujdour Atlantique’s reserves will undeniably be a major benefit to the Moroccan economy.
Thanks to serious studies carried by the previous operator, it is possible to benefit from a series of robust reports and data. It is on this basis that we are deepening our studies by reprocessing 2D and 3D seismic data in particular. The presence of several tcf of natural gas has already been identified. Indeed, this is the largest block in Morocco covered by 2D seismic, with 3D seismic in the southern part highlighting the presence of hydrocarbons and the fact that this is the thickest Cretaceous sedimentary section in Africa (5-6 km).
The main program for this exploration phase consists of reprocessing seismic data, updating the geological model and analyzing its geophysical characteristics, followed by exploration and appraisal wells. Thanks to the deepwater industrial references of the NewMed Energy / Adarco Energy consortium, we are doing our best to prepare the drilling of the exploration well under the best conditions and in line with current oil industry standards, given that the water depth in the prospecting area is between 1km and 3km for targets up to 5.5 km deep.
Finally, as part of this major project, NewMed Energy and Adarco Energy will contribute proactively to the training of Moroccan staff who will be involved in the development of these gas resources. Adarco Energy makes it a priority to support local industrial players throughout the development process, thus contributing to the development of Morocco’s energy sector.
On December 20, 2022, Adarco Energy and Middle East E&P operator NewMed Energy signed an agreement with Morocco to grant exploration and production permits for natural gas and oil. These 17 permits are known as “Boujdour Atlantique” (Block 216) and are located off the Moroccan coast in the Atlantic Ocean.
In the event of a successful exploration campaign, the exploration permits jointly retained by the partners will then be converted into exploitation concessions. Once the field is developed and in exploitation, part of the production of the extracted hydrocarbons will be destined primarily for the Moroccan market.
Under the terms of the agreements, NewMed Energy and Adarco Energy each hold a 37.5% participating interest in the Boujdour Atlantique exploration permit. The Office national des hydrocarbures et des mines du Maroc (ONHYM) holds the remaining 25%.
Adarco Energy is delighted to undertake such a challenge for the benefit of Morocco, in collaboration with NewMed Energy who will be the operator within the framework of this cooperation. Indeed, Morocco’s immense natural gas resource potential has been identified, and the future exploitation of Boujdour Atlantique’s reserves will undeniably be a major benefit to the Moroccan economy.
Thanks to serious studies carried by the previous operator, it is possible to benefit from a series of robust reports and data. It is on this basis that we are deepening our studies by reprocessing 2D and 3D seismic data in particular. The presence of several tcf of natural gas has already been identified. Indeed, this is the largest block in Morocco covered by 2D seismic, with 3D seismic in the southern part highlighting the presence of hydrocarbons and the fact that this is the thickest Cretaceous sedimentary section in Africa (5-6 km).
The main program for this exploration phase consists of reprocessing seismic data, updating the geological model and analyzing its geophysical characteristics, followed by exploration and appraisal wells. Thanks to the deepwater industrial references of the NewMed Energy / Adarco Energy consortium, we are doing our best to prepare the drilling of the exploration well under the best conditions and in line with current oil industry standards, given that the water depth in the prospecting area is between 1km and 3km for targets up to 5.5 km deep.
Finally, as part of this major project, NewMed Energy and Adarco Energy will contribute proactively to the training of Moroccan staff who will be involved in the development of these gas resources. Adarco Energy makes it a priority to support local industrial players throughout the development process, thus contributing to the development of Morocco’s energy sector.
MED-RED Land Bridge
About MED-RED Land Bridge
In 2020, Eilat Ashkelon Pipeline Company (EAPC), also known as Europe Asia Pipeline Company, a leading Middle East energy company, joined forces with MED-RED Land Bridge to create a partnership that is revolutionizing the oil transportation industry. MED-RED Land Bridge is utilizing the existing terminals, storage facilities and pipeline infrastructure of EAPC to facilitate Eastbound and Westbound flows of Crude Oil between the Mediterranean Sea and the Red Sea. MED-RED Land Bridge’s services provide a cost-effective alternative route to the Suez Canal or the long voyage around the Cape of Good Hope. Our facilities enable using VLCCs instead of Suezmax, thereby optimizing and significantly reducing the shipping costs.
To consolidate its market position, MED-RED Land Bridge has partnered with major industry players. MED-RED Land Bridge is jointly owned by Petromal, an Abu Dhabi-based subsidiary of National Holding, AF Entrepreneurship, a leading Middle East company, and Lubber Line, an international oil infrastructure group and subsidiary of Adarco Energy. These partnerships bring together the expertise and resources essential to the success of the company’s business strategy and the provision of first-class services to its customers.
This historic deal marks a milestone in the world of oil and transportation. EAPC and MED-RED Land Bridge have joined forces to create a new “land bridge” for transporting crude oil between the countries. This solution offers Asian consumers faster access to oil produced in the Mediterranean and Black Sea regions. The partners anticipate an increase in crude oil transfers, which will be a game-changer for the global oil market.
MED-RED Land Bridge strategically targets high-demand countries such as India and China, which rely heavily on crude oil imports. By offering a more efficient and cost-effective transport option, the company aims to capture significant market share and establish itself as a preferred supplier.
The Memorandum of Understanding was signed in Abu Dhabi in the presence of the US Treasury Secretary, confirming the importance of this collaboration. It offers oil producers and refiners the shortest, most efficient and cost-effective route for transporting crude oil and related products from the Arabian Gulf to consumption centers in the West.
This partnership holds great economic and strategic importance for the Israeli market, with joint investments extending for a decade into the future.
Operations and Services
The 42″, 254-km long crude oil pipeline connecting the Red Sea port of Eilat with the Mediterranean port of Ashkelon, allows a capacity of 20-30 million tons per annum, in both directions. MED-RED Land Bridge is dedicating adequate storage at both ends of the pipeline to allow smooth operation. Commencing operations and commercial activities in 2021, MED-RED Land Bridge’s services include coordination and synchronizing between cargos’ owners and marine and land service providers, post-fixture shipping operations, designated storage tanks, blending, land pipeline transfer coordination, Inventory management, and more.
A sustainable approach
MED-RED Land Bridge strives to reduce its impact on the environment through its innovative and sustainable approach to crude oil transportation. By reusing an existing pipeline, the company minimizes the need for new infrastructure and reduces its overall environmental footprint. Sustainability is at the heart of MED-RED Land Bridge’s business strategy. As such, the pipeline was built and maintained using state-of-the-art technologies to minimize its ecological impact and ensure the safe and efficient transport of crude oil.
We take a rigorous and responsible approach to ensuring the safety and sustainability of our pipeline. We regularly carry out comprehensive environmental assessments of the existing pipeline to ensure that it meets all necessary standards.
We also implement the latest environmentally friendly technologies and sustainable practices in our operations, including low-emission pumping systems, a rigorous leak detection and response system, and the promotion of environmentally friendly practices with our partners.
At MED-RED Land Bridge, we believe in transparency and accountability. We regularly share information with stakeholders on the environmental impact of our activities and strive to continuously improve our sustainability efforts.
About MED-RED Land Bridge
In 2020, Eilat Ashkelon Pipeline Company (EAPC), also known as Europe Asia Pipeline Company, a leading Middle East energy company, joined forces with MED-RED Land Bridge to create a partnership that is revolutionizing the oil transportation industry. MED-RED Land Bridge is utilizing the existing terminals, storage facilities and pipeline infrastructure of EAPC to facilitate Eastbound and Westbound flows of Crude Oil between the Mediterranean Sea and the Red Sea. MED-RED Land Bridge’s services provide a cost-effective alternative route to the Suez Canal or the long voyage around the Cape of Good Hope. Our facilities enable using VLCCs instead of Suezmax, thereby optimizing and significantly reducing the shipping costs.
To consolidate its market position, MED-RED Land Bridge has partnered with major industry players. MED-RED Land Bridge is jointly owned by Petromal, an Abu Dhabi-based subsidiary of National Holding, AF Entrepreneurship, a leading Middle East company, and Lubber Line, an international oil infrastructure group and subsidiary of Adarco Energy. These partnerships bring together the expertise and resources essential to the success of the company’s business strategy and the provision of first-class services to its customers.
This historic deal marks a milestone in the world of oil and transportation. EAPC and MED-RED Land Bridge have joined forces to create a new “land bridge” for transporting crude oil between the countries. This solution offers Asian consumers faster access to oil produced in the Mediterranean and Black Sea regions. The partners anticipate an increase in crude oil transfers, which will be a game-changer for the global oil market.
MED-RED Land Bridge strategically targets high-demand countries such as India and China, which rely heavily on crude oil imports. By offering a more efficient and cost-effective transport option, the company aims to capture significant market share and establish itself as a preferred supplier.
The Memorandum of Understanding was signed in Abu Dhabi in the presence of the US Treasury Secretary, confirming the importance of this collaboration. It offers oil producers and refiners the shortest, most efficient and cost-effective route for transporting crude oil and related products from the Arabian Gulf to consumption centers in the West.
This partnership holds great economic and strategic importance for the Israeli market, with joint investments extending for a decade into the future.
Operations and Services
The 42″, 254-km long crude oil pipeline connecting the Red Sea port of Eilat with the Mediterranean port of Ashkelon, allows a capacity of 20-30 million tons per annum, in both directions. MED-RED Land Bridge is dedicating adequate storage at both ends of the pipeline to allow smooth operation. Commencing operations and commercial activities in 2021, MED-RED Land Bridge’s services include coordination and synchronizing between cargos’ owners and marine and land service providers, post-fixture shipping operations, designated storage tanks, blending, land pipeline transfer coordination, Inventory management, and more.
A sustainable approach
MED-RED Land Bridge strives to reduce its impact on the environment through its innovative and sustainable approach to crude oil transportation. By reusing an existing pipeline, the company minimizes the need for new infrastructure and reduces its overall environmental footprint. Sustainability is at the heart of MED-RED Land Bridge’s business strategy. As such, the pipeline was built and maintained using state-of-the-art technologies to minimize its ecological impact and ensure the safe and efficient transport of crude oil.
We take a rigorous and responsible approach to ensuring the safety and sustainability of our pipeline. We regularly carry out comprehensive environmental assessments of the existing pipeline to ensure that it meets all necessary standards.
We also implement the latest environmentally friendly technologies and sustainable practices in our operations, including low-emission pumping systems, a rigorous leak detection and response system, and the promotion of environmentally friendly practices with our partners.
At MED-RED Land Bridge, we believe in transparency and accountability. We regularly share information with stakeholders on the environmental impact of our activities and strive to continuously improve our sustainability efforts.