Chariot Receives EIA Approval for Loukos Drilling Campaign in Morocco

Monday, February 5, 2024

Chariot Energy reports that it has received approval for its Environmental Impact Assessment (EIA) from the Unified Regional Investment Committee for drilling activity on its Loukos Onshore license, onshore Morocco.

The EIA covers a total of 20 well operations, including an initial drilling campaign of two exploration wells on the Gaufrette and Dartois prospects, along with a further 17 candidate well locations. The re-entry of an existing gas discovery is also included.

The permit is valid for a period of five years and civil works will now commence to prepare the first well locations and access routes.

Pierre Raillard, Chariot Head of Gas Business and Morocco Country Director, commented: “We are very pleased to receive approval of the environmental permit for drilling activity on our Loukos license. This is not only an important step towards our initial drilling campaign but EIA approval for multiple additional locations gives us flexibility in future campaigns. In addition to this, the land access activities and civil work contracting have concluded, site construction activities are now underway, and we are on track for commencement of operations around the end of Q1 2024. I would like to thank the efforts of the Morocco operational team in the progress we have made so far as well as the continuous support and assistance given by ONHYM.”

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