The British Chariot group has indicated that the preliminary design and engineering studies (FEED) have been completed for the Anchois gas development project, located in the Lixus license, and has received approval for the study of environmental and social impact for this project.
According to the Casablanca newspaper La Vie Éco, the Chariot group also has a partnership with Vivo Energy with a view to developing markets for the supply of gas to industries in the Kingdom of Morocco, and it turns out that this is not the only partnership concluded…other partnership agreements have been signed and finalized with Energean PLC for the Lixus and Rissana offshore licenses. »
+ “Successfully drilling on the adjacent Loukos Onshore license” +
These agreements prioritize the expansion and implementation of Anchovies. A contract was also signed with the company Stena Drilling for the use of the Stena Forth drilling vessel. Drilling of an appraisal and development well is planned for the third quarter of 2024 with an option for the addition of a well.
As for onshore activity, a new license, Loukos Onshore (“Loukos”), was granted in July 2023. In parallel with “Anchois”, the environmental and social impact study for drilling on Loukos was approved, and permits were obtained 10 months after obtaining the license. Recently, in May 2024, the initial drilling campaign was carried out effectively.
Thus, the RZK-1 well drilled in the “Gaufrette” gas prospecting site confirmed the good quality of the reservoirs and the presence of gas but was not considered economically sufficient. A gas discovery has been confirmed on the OBA-1 drilling on the “Dartois” prospect. It is also being considered for use as a future production well.
“In Morocco, we partnered with a highly experienced company on our Anchois offshore project, obtained an additional permit and successfully drilled on the adjacent Loukos Onshore license,” said Adonis Pouroulis, President and Director. general of Chariot Limited, quoted in a press release.
+ Ambitions in green hydrogen +
Concerning green hydrogen, the company has completed the feasibility study for the Nour project in Mauritania alongside its partner TEH2 (80% owned by TotalEnergies and 20% by the EREN Group).
As for Morocco, partnership agreements with UM6P and Oort Energy have been implemented. Chariot also emphasizes that other green hydrogen projects are currently being evaluated.
In terms of financial performance, Chariot Limited recalls having carried out, in June 2023, a fundraising, subscribed at a level of 19.1 million dollars. This success was followed by a “solid” financial balance of $6 million as of December 31, 2023.
The positive momentum continued with an additional contribution of $10 million, resulting from the successful conclusion of the transaction with Energean in April 2024. In addition, the financial situation of the Chariot Group is strengthened by the absence of debt and binding contractual obligations in the work program, concludes the press release.
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