Wednesday, March 8, 2023
Chariot announced that it has completed the Front-End Engineering and Design (FEED) on the key components of its flagship Anchois gas development project, offshore Morocco. The Anchois gas field is located within the Lixus Offshore license area, in which Chariot holds a 75% interest and operatorship, alongside ONHYM which holds a 25% interest.
The FEED for the Anchois development was initiated in June 2022. In conjunction with the subsurface development studies, this work confirms the individual components of the initial development, which includes:
The Engineering, Procurement and Construction (EPC) commercial proposals have now been requested and in addition to the FEED, other technical work has been progressing in parallel, in the lead up to development sanction, including:
Adonis Pouroulis, Chief Executive Officer, commented: “We have made excellent progress across all aspects of our planned development for Anchois and detailed discussions on partnering, gas sales agreements and project finance continue concurrently as we move towards Final Investment Decision. The conclusion of the FEED stage, largely performed by the Subsea Integration Alliance (SIA), is an important step in defining the initial development plan to deliver gas to our anchor customers. In conjunction with the Field Development Plan and Environmental and Social Impact Assessment work completed to date, we have further cemented the viability and commercial potential of the development, founded upon its excellent reservoir and gas properties, favorable location with regards to existing infrastructure and the opportunity to leverage off existing, conventional 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 license area.”