Africa-focused energy exploration company Chariot has completed the Front-End Engineering Design (FEED) on the key components of its flagship Anchois gas development project in Morocco.
Chariot’s Chief Executive Officer Adonis Pouroulis confirmed the report and said detailed discussions on partnering, gas sales agreements, and project finance are ongoing.
“The conclusion of the FEED phase is an important step in defining the initial development plan to deliver gas to our anchor customers and further cemented the viability and commercial potential of the development. The project’s excellent reservoir and gas properties as well as its favorable location in regard to existing infrastructure and the opportunity to benefit from existing technology. We remain fully focused on taking the Anchois project to first gas in a way that can continually grow the resource and project scale and help unlock the basin scale potential that we see across our licence area,” said Pouroulis.
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Anchois gas development project
Anchois gas development project is part of Chariot’s efforts to improve the African energy market for mining operations by providing and generating “cleaner, sustainable, and more reliable power. The project which falls under the Lixus Offshore drilling license, covers an area of more than 2,300 kilometers squared in a water depth that ranges from coastline to 850 meters.
The energy group began the FEED for the Anchois development in June 2022, after the company raised US $25.5M. Other technical work has been in progress, including conducting onshore and offshore environmental baseline surveys as part of the Environmental, Social Impact Assessment (ESIA), and developing the project’s drilling planning. Chariot holds 75% of the project’s interest and operatorship while Morocco’s Hydrocarbons and Mines Office (ONHYM) holds 25% of the interest.
