Home Northern Africa Chariot revises initial estimates of Moroccan gas reserves

Chariot revises initial estimates of Moroccan gas reserves

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  • After the latest data analysis and appraisal, Chariot disclosed that gas appraisal from the Anchois-2 reservoir has been upgraded from 100m to 150m, against 55m in the original Anchois-1 well.

The British energy company, Chariot has revised initial estimates for the gas reservoir in Morocco’s offshore Anchois-2 gas well. The company in a press release indicated that the Anchois-2 gas reservoir is of high quality, making the gas development process efficient both time and cost wise. After the latest data analysis and appraisal, Chariot disclosed that gas appraisal from the Anchois-2 reservoir has been upgraded from 100m to 150m, against 55m in the original Anchois-1 well.

Both the Anchois-1 and Anchois-2 gas wells fall under the Lixus offshore drilling license where in Chariot holds 74% of stake in the gas reservoir, and the Morocco’s National Office of Hydrocarbons and Mines (ONYHM)  25% interest.

Adonis Pouroulis, Acting CEO of Chariot ,” said that  the revised gas appraisal along with the confirmation of excellent quality  dry gas across all the discovered gas reservoirs  will enable a simple and standard development.  He hoped that the company would be able to bring the Anchois gas development online quickly, to boost Morocco’s economic growth, and also to deliver cash flows to its shareholders. Pouroulis added that   Chariot will try to speed up the field development plan. The wells under the Lixus permit should become operational by 2021, according to Morocco’s ONYHM official.

Read Also;

https://trendsnafrica.com/moroccos-demand-for-lng-to-hit-3-billion-cubic-meters/

  https://trendsnafrica.com/delek-drilling-seeking-exploration-permits-in-morocco/

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