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Chariot regains control of Moroccan offshore gas licenses after Energean exit
Mining company Chariot Limited has announced its full reclamation of two significant offshore gas licenses in Morocco, following Energean plc's decision to divest its stake in the ventures.
Energean has transferred its entire interest in the Lixus Offshore and Rissana Offshore licenses back to Chariot by handing over its local subsidiary. As a result, Chariot now holds a 75% stake in both licenses and has resumed its role as operator. The remaining 25% interest is retained by Morocco’s National Office of Hydrocarbons and Mines (ONHYM).
A focal point of this project is the Anchois gas field, situated within the Lixus Offshore license. To date, three wells have been drilled in this region, with the latest, Anchois-3, completed in September 2024. Although this well did not yield sufficient gas to warrant an expansion of the original development plan, it did affirm the presence of high-quality gas in a primary zone, as noted by Chariot in a recent press release.
Now that the operatorship is once again under Chariot’s control, the company is poised to advance the development of the gas field in collaboration with ONHYM. Chariot plans to reassess and modify the development strategy based on the gas deposits that have already been identified.
In addition to focusing on the Lixus and Rissana areas, Chariot intends to explore the broader region to evaluate additional gas potential.
“We are pleased to have completed the transfer of these licenses and regained operatorship, as we see material value within our diversified Moroccan position, both offshore and onshore,” stated Chariot CEO Adonis Pouroulis.
The Anchois gas discovery holds promise for Chariot, and the company is committed to reconfiguring the development plan, drawing upon its prior work in engineering design, as well as environmental and regulatory approvals.
Pouroulis emphasized that Morocco's robust demand for gas, coupled with favorable financial conditions for energy projects, positions Chariot well. The company intends to maintain close collaboration with ONHYM and the Ministry of Energy Transition to advance these gas initiatives.
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