LThe agreement signed between Chariot and Vivo Energy aims to establish a complete value chain around compressed natural gas (CNG). This involves not only marketing locally produced gas, but also developing the necessary infrastructure for its distribution across the Kingdom. This concerted effort responds to the growing energy demand of Moroccan industry and is part of a broader strategy of decarbonization and energy transition of the country.
Chariot, which holds 75% of the Loukos license (ONHYM holds the remaining 25%), recently concluded its first drilling campaign on the site. Initial results are promising, and flow tests are planned for the OBA-1 well. Production potential is supported by recent seismic data and an intensive drilling campaign. The company anticipates sales volumes of up to 3 million cubic feet per day, or approximately 30 million cubic meters per year.
Vivo Energy, well established in Morocco with more than 400 service stations, will play an important role in this project by financing, building and operating a CNG plant. This facility will transport natural gas in compressed form to existing and future industrial customers. A development aligned with the ambitions of Vivo Energy which intends to diversify and strengthen its energy offer in Morocco.
The general director of Chariot Maroc, Pierre Raillard, underlined the importance of this agreement for the development of the Moroccan gas network. “This agreement provides the opportunity for rapid commercialization of future Loukos production and paves the way for both the development of pre-existing gas fields and the OBA-1 well as well as organic growth through future exploration.”, he said on this subject.
Matthias de Larminat, general manager of Vivo Energy Morocco, added: “Natural gas is a key component of the energy equation aimed at decarbonizing Morocco, as defined by His Majesty the King. This project is fully in line with this ambition and responds to the needs expressed by Moroccan industrial stakeholders..”
