LONDON – Morocco’s government has awarded Chariot Energy a 75% operated interest in the Rissana Offshore license, in partnership with state oil company ONHYM.
Rissana, covering an 8,489-sq km (3,277-sq mi) area, surrounds Chariot's existing Lixus Offshore license, which includes the planned Anchois gas field development. It is said to contain potential for further discoveries on-trend with Anchois.
The minimum initial commitment is the acquisition of a 2D seismic survey, to assist evaluation of the extension and potential of gas plays across Rissana.
Chariot’s acting CEO Adonis Pouroulis said the company viewed the new license as “a low risk and high value opportunity.”