Morocco’s Anchois Gas Field Technically Feasible

Friday, June 21, 2019

Chariot Oil & Gas announced that the development of the Anchois Field, offshore Morocco, is technically feasible, based on its recent studies of the offshore gas field.

Chariot reports that these studies have shown that development of the project is “technically feasible.” Development options include a “subsea-to-shore” concept, employing proven industry standard technical solutions and equipment. This concept consists of subsea production wells tied to a subsea manifold, from which a subsea flowline and umbilical connect the field to an onshore Central Processing Facility (“CPF”), where gas is processed and then delivered into the Maghreb-Europe Gas pipeline (“GME”) via an onshore gas flowline.

“The results of these studies demonstrate the technical feasibility and commercial attractiveness of developing the Anchois gas discovery with the potential to offer a strategically important indigenous source of gas into Morocco’s developing energy market,” said chief executive Larry Bottomley.

“We believe the combination of a de-risked resource base in a fast-growing energy market, with high gas prices and a need for increased supply remains highly attractive to a wide range of potential strategic partners throughout the energy value chain,” he added.

Chariot has initiated an Environmental Impact Assessment to facilitate appraisal operations in 2020.

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