Exploring Natural Hydrogen and Helium Resources in Morocco
Key Ideas
  • Sound Energy and Getech Group have announced a collaboration to explore natural hydrogen and helium resources in Morocco.
  • The companies will conduct a joint regional screening study using advanced geoscience tools to identify potential areas for further assessment.
  • The agreement aims to secure exclusive rights for the exploration and exploitation of hydrogen and helium resources, with Sound Energy covering its own costs during the collaboration.
  • Both companies are optimistic about the partnership, with Sound Energy highlighting their strategy to expand exploration activities into new transition energy resources in Morocco.
Sound Energy and Getech Group have joined forces to explore natural hydrogen and helium resources in Morocco. The collaboration involves a joint regional screening study to pinpoint prospective regions for further assessment. Getech will utilize its expertise in energy and mineral resource location, including its proprietary gravity and magnetics database, advanced geoscience platform 'Globe', and machine learning algorithms. Sound Energy, as Morocco's largest onshore hydrocarbon exploration permit holder, will provide regional geoscience knowledge and facilitate exploration activities. The companies aim to secure exclusive rights for exploring hydrogen and helium resources and plan to progress towards geophysical and drilling operations to unlock potential deposits. Sound Energy will bear its own costs during the collaboration. Both companies express confidence in the partnership, with Sound Energy's vice-president of geoscience emphasizing the strategic expansion into new transition energy resources in Morocco. Getech's CEO also looks forward to leveraging their advanced geoscience solutions and AI capabilities for cost-effective exploration in Morocco. The market has responded positively to the announcement, with shares in Sound Energy and Getech seeing an increase following the news.
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