Chariot has assumed operatorship with a 75% working interest in both the Lixus Offshore and Rissana Offshore licences, with ONHYM keeping its 25% stake
This comes as Energean completes the transfer of their wholly owned subsidiary which held 45% and 37.5% respectively in the Lixus Offshore and Rissana Offshore licences.
The Lixus Offshore licence includes the Anchois gas field where Chariot is heavily invested. Following the drilling of three wells from the field, which did not perform according to expectations, Chariot still hopes to leverage multiple good quality gas bearing reservoirs that were found in the main B sand appraisal interval.
The operatorship will give Chariot greater scope to progress the licence work programmes along with ONHYM to further assess the Anchois development plan based on discovered resources.
Adonis Pouroulis, CEO of Chariot, said, “We are pleased to have completed the transfer of these licences and regained operatorship as we see material value within our diversified Moroccan position, both offshore and onshore. The Anchois gas discovery still offers the potential for a rescaled development and our next steps are to scope this based on the core resources found in the three wells underpinned by our previous work on engineering design, environmental and regulatory approvals, project financing and gas sales. Gas market fundamentals in Morocco are robust with strong gas demand and excellent fiscal terms and we will look to work with all stakeholders, including our partner ONHYM and the Ministry of Energy Transition and Sustainable Development to advance these important domestic projects.”