British energy firm Chariot Limited is reassessing the gas potential of the Anchois offshore field off Morocco’s Atlantic coast after regaining control of the Lixus and Rissana licenses, previously granted to Energean in 2024.
Chariot now holds 75 percent of both permits, with the remaining 25 percent retained by Morocco’s ONHYM.
In comments to Asharq, Chariot Morocco director Pierre Raillard said the licenses retain “substantial possibilities” despite Energean’s withdrawal, which followed disappointing drilling results and an unfavorable cost-to-reserve ratio. The field’s recoverable reserves are estimated at 18 billion cubic meters.
Chariot is now adapting its development strategy based on updated geological data and regional market conditions, aiming to meet Morocco’s rising gas demand. The country’s annual output remains below 100 million cubic meters, and since Algeria cut ties in 2021, Rabat has leaned on Spain for liquefied natural gas supplies.
Chariot CEO Adonis Pouroulis confirmed over $100 million in local investments, and highlighted ongoing work with OCP on a 1GW green hydrogen pilot project.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.