Chariot Limited announced on Wednesday that it has regained majority control over its offshore interests in Morocco.
Energean plc, a London-based oil and gas company, has transferred its 45% stake in the Lixus Offshore license and its 37.5% stake in the Rissana Offshore license back to Chariot.
As a result, Chariot now holds a 75% stake in both licenses, while Morocco’s National Office of Hydrocarbons and Mines (ONHYM) retains the remaining 25%.
The move reverses a 2023 deal in which Chariot had initially sold those same stakes to Energean. At that time, Chariot had maintained 30% in Lixus and 37.5% in Rissana, with ONHYM’s 25% share remaining unchanged.
With full operatorship now restored, Chariot plans to collaborate closely with ONHYM to refine development plans and further explore the gas potential of both offshore zones. The company also reaffirmed its commitment to expanding renewable energy and green hydrogen projects across Africa.
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