Chariot teams up with Subsea Integration Alliance on Anchois project

Chariot Oil & Gas has signed a collaboration agreement with Subsea Integration Alliance to work together to enable the front-end design, engineering, procurement, construction, installation and operation of the Anchois gas development project in Morocco.

Subsea Integration Alliance is a nonincorporated strategic global alliance between Subsea 7 and OneSubsea.

Chariot and Subsea Integration Alliance will adopt a “One-team”, integrated and collaborative approach. It aims to safely fast-track first gas to maximise the return on investment, Chariot said.

The scope of the agreement specifically covers: Front-end engineering support and engineering design work; Engineering, procurement, construction, installation, pre-commissioning and commissioning work; Operations and maintenance of the facilities; Finally, commitment to ESG and the importance of contributing to creation of direct and indirect jobs in Morocco.

Stuart Fitzgerald, CEO, Subsea Integration Alliance, said:

“We are pleased to be starting a journey with Chariot on the exciting Anchois gas development in Morocco. We believe the Subsea Integration Alliance “One-team” collaboration with Chariot will help unlock the planning and execution of the development and uncover the true value of the project for all stakeholders.”

Adonis Pouroulis, Acting CEO, Chariot Oil & Gas, also stated:

“This collaboration agreement with Subsea Integration Alliance further endorses our view that the Anchois development is a high value project.

“We believe that 2021 will be an exciting year for the business, as we look to commence with our operational plans at Anchois and further enhance our portfolio to include other commercial opportunities along the theme of energy transition.”

Increased Resource Estimate

In September last year, Chariot completed the Lixus license reprocessing of 3D seismic, which contains Anchois discovery.

An updated independent assessment on the 50-square-kilometre area led to a significant resource upgrade for the proposed Anchois gas field.

Chariot has a 75 per cent interest and is the operator of Lixus in partnership with the Office National des Hydrocarbures et des Mines.

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