Sound Energy Inks FEED Contract For Eastern Morocco

Sound Energy has signed a heads of terms with a consortium comprising Enagas, Elecnor and Fomento for FEED and conditional construction and financing of all the infrastructure required, including a 20-inch pipeline and facilities, to commercialize the company’s existing gas discovery in Eastern Morocco.

Following a competitive process and negotiation, the consortium has been awarded the FEED and exclusivity to finalize the funding, construction and operation for both a 20-inch pipeline and the central processing facility under a ‘build-own-operate-transfer’ (BOOT) structure.