MOROCCO: Chariot Commences Anchois Gas Appraisal Well Mobilization Operations Ahead of mid-December 2021 Drilling

Chariot has announced that the Stena Don drilling rig has commenced its mobilisation to Morocco. Chariot has contracted this rig to conduct drilling operations on the Anchois gas field within the Lixus licence, offshore Morocco, with operations anticipated to commence in mid-December 2021. 

This is a key step in monetising the Anchois gas development project one of two diversified streams of work for the company.

Adonis Pouroulis, Acting CEO of Chariot, commented: “We are excited for drilling operations to get underway at Anchois and we look forward to keeping the market updated on developments as appropriate.”

In October this year Chariot signed an MOU relating to the key terms of gas offtake and partnering between the parties in respect of the Anchois Gas Development within the Lixus licence, offshore Morocco. The key terms of the future gas sales agreements will be for c.40 mmscf/d, for up to 20 years on a take or pay principle, to underpin the development. In addition, an agreed framework process has commenced to establish a long-term partnership.

The Parties will progress discussions with the view to signing final agreements to implement the Anchois Gas Development with targeted Final Investment Decision (FID) in 2022 and first gas in 2024.

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