{"id":9350,"date":"2020-10-29T08:29:01","date_gmt":"2020-10-29T08:29:01","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=9350"},"modified":"2020-10-29T08:29:47","modified_gmt":"2020-10-29T08:29:47","slug":"chariot-oil-gas-receives-eoi-from-africa-finance-corporation-for-debt-finance-for-the-anchois-gas-discovery","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/chariot-oil-gas-receives-eoi-from-africa-finance-corporation-for-debt-finance-for-the-anchois-gas-discovery\/","title":{"rendered":"MOROCCO: Chariot Oil & Gas Receives EOI from Africa Finance Corporation for Debt Finance for the Anchois Gas Discovery"},"content":{"rendered":"

Chariot Oil & Gas Limited\u00a0 has received a non-binding Expression of Interest Letter (EOI) from Africa Finance Corporation (“AFC”), a pan-African Multilateral Development Financial Institution, for the provision of development debt finance for the Anchois Gas Discovery, located within the Lixus Offshore Licence, Morocco (Lixus), and the development of future discoveries from the wider prospect portfolio of the Licence.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

In addition, Chariot has received a non-binding EOI for the provision of Reserves Base Lending for the development of the Anchois Gas Discovery with a Multinational Investment Bank.<\/span>\u00a0<\/span><\/p>\n

Both EOI’s take into account the estimated capex required to bring the development online, anticipated to be in the region of US$300-500 million, but they also identify Lixus as being an important strategic asset, with strong Environmental, Social and Governance (“ESG”) credentials, that has the potential to help Morocco transition to a low carbon economy, as it seeks to satisfy an anticipated doubling in domestic demand for energy over the next 20 years.<\/span>\u00a0<\/span><\/p>\n

Adonis Pouroulis, Acting CEO, commented:<\/span>\u00a0<\/span><\/p>\n

“Following on from the recent Anchois resource upgrade, I am very pleased to announce that we have received expression of interest letters from two highly regarded institutional lenders. Africa Finance Corporation has played a pivotal role in helping to unlock some of Africa’s most promising energy projects, with AFC currently having investments of over US$1 billion in projects ranging from upstream\/midstream oil & gas, to power generation. The Multinational Investment Bank is a leading provider of finance in the oil and gas sector with both global reach and profound market expertise within the EMEA region. Both Expression of Interest Letters further endorse our view that the Anchois development is a high value project, with the potential to deliver near term cash flows to Chariot and also transform Morocco’s power sector.<\/span>\u00a0<\/span><\/p>\n

Today’s announcement is also further evidence of the Company delivering on what it said it would do, namely, advancing the commerciality of the Lixus asset and generating value to shareholders in the process. This is an important first step towards securing financing for the project and we look forward to updating our stakeholders on further developments during the remainder of 2020.”<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Chariot Oil & Gas Limited\u00a0 has received a non-binding Expression of Interest Letter (EOI) from Africa Finance Corporation (“AFC”), a pan-African Multilateral Development Financial Institution, for the provision of development … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":9067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7446,11],"tags":[8604,8606,8607,8605,1629],"class_list":["post-9350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","tag-anchois-gas-discovery","tag-chariot-of-and-gas","tag-finace","tag-lixus-offshore-licence","tag-morocco","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Morocco-Lixus.jpg?fit=458%2C466&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2qO","jetpack-related-posts":[{"id":9065,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-chariot-oil-gas-announces-significant-resource-upgrade-on-anchois-gas-field\/","url_meta":{"origin":9350,"position":0},"title":"MOROCCO: Chariot Oil & Gas Announces Significant Resource Upgrade on Anchois Gas Field","author":"","date":"September 7, 2020","format":false,"excerpt":"Chariot Oil & Gas Limited has announced that it has completed the reprocessing of 3D seismic data across the Lixus Offshore Licence, Morocco, resulting in significant improvements in both image quality and in depth control. This has had a positive impact on the understanding of the distribution and extent of\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Morocco-Lixus.jpg?fit=458%2C466&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11550,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-chariot-makes-significant-gas-discovery-at-anchois-2-well\/","url_meta":{"origin":9350,"position":1},"title":"MOROCCO: Chariot Makes Significant Gas Discovery at Anchois-2 Well","author":"","date":"January 10, 2022","format":false,"excerpt":"Chariot has announced a significant gas find at the Anchois-2 appraisal and exploration well on the Anchois gas project within the Lixus licence, offshore Morocco. Chariot has a 75% interest and operatorship of Lixus in partnership with the Office National des Hydrocarbures et des Mines () which holds a 25%\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/MOROCCO-Anchois-1.jpg?fit=700%2C577&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/MOROCCO-Anchois-1.jpg?fit=700%2C577&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/MOROCCO-Anchois-1.jpg?fit=700%2C577&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/MOROCCO-Anchois-1.jpg?fit=700%2C577&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10893,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-chariot-oil-gas-awards-anchois-gas-appraisal-well-services-contract\/","url_meta":{"origin":9350,"position":2},"title":"MOROCCO: Chariot Oil & Gas Awards Anchois Gas Appraisal Well Services Contract","author":"","date":"September 23, 2021","format":false,"excerpt":"Chariot has announced that it has signed a binding letter of intent with Halliburton, one of the world's largest oil field service companies, for services on Chariot\u2019s planned Anchois gas appraisal well within the Lixus licence, offshore Morocco. The services Halliburton will assist Chariot with include but are not limited\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/MOROCCO-Anchois-1.jpg?fit=700%2C577&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/MOROCCO-Anchois-1.jpg?fit=700%2C577&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/MOROCCO-Anchois-1.jpg?fit=700%2C577&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/MOROCCO-Anchois-1.jpg?fit=700%2C577&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11922,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-chariot-awarded-the-rissana-offshore-licence\/","url_meta":{"origin":9350,"position":3},"title":"MOROCCO: Chariot Awarded the Rissana Offshore Licence","author":"","date":"February 28, 2022","format":false,"excerpt":"\u2022 75% interest and operatorship of the Rissana licence awarded to a wholly owned subsidiary of Chariot Limited in partnership with the Office National des Hydrocarbures et des Mines (ONHYM) which will hold a 25% interest. \u2022 Rissana (approximate area 8,489 km2) surrounds the offshore area of Chariot's existing Lixus\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Morocco-Rissana-License.png?fit=563%2C384&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Morocco-Rissana-License.png?fit=563%2C384&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Morocco-Rissana-License.png?fit=563%2C384&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11388,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-chariot-commences-drilling-operations-on-the-anchois-gas-development-project\/","url_meta":{"origin":9350,"position":4},"title":"MOROCCO: Chariot Commences Drilling Operations on the Anchois Gas Development Project","author":"","date":"December 15, 2021","format":false,"excerpt":"Chariot has announced that the Stena Don drilling rig has now arrived on location in the Lixus licence, offshore Morocco, to carry out drilling operations on the Anchois gas development project.\u00a0\u00a0 \u00b7\u00a0Operations to drill the Anchois-2 gas appraisal & exploration well and re-enter the previously drilled Anchois-1 gas discovery well\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/MOROCCO-Anchois-1.jpg?fit=700%2C577&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/MOROCCO-Anchois-1.jpg?fit=700%2C577&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/MOROCCO-Anchois-1.jpg?fit=700%2C577&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/MOROCCO-Anchois-1.jpg?fit=700%2C577&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":15029,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-chariot-regains-operatorship-of-the-lixus-and-rissana-licences\/","url_meta":{"origin":9350,"position":5},"title":"MOROCCO: Chariot Regains Operatorship of the Lixus and Rissana licences","author":"","date":"May 15, 2025","format":false,"excerpt":"Chariot has regained Operatorship of the Lixus and Rissana licences, offshore Morocco, with Energean plc returning its interests to Chariot. 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