Chariot negotiates new offshore license in Morocco

Africa-focused energy company Chariot announced, Monday, that it has negotiated the key terms of a new license, Rissana Offshore in Morocco.

75% interest and operatorship of the Rissana license would be awarded to the subsidiary of Chariotand the rest would go the Office National des Hydrocarbures et des Mines (ONHYM).

The Rissana license includes an area of 8,476 square kilometres and «completely surrounds the offshore boundaries of Chariot's existing Lixus Offshore licence, which contains the Anchois Gas Discovery, as well as covering the most prospective northern areas of the previously-held Mohammedia Offshore and Kenitra Offshore licences».

«Whilst 2020 has been a challenging year for many, we believe that Chariot is exiting the year in a very strong position», said acting chief executive officer Adonis Pouroulis.

«With the anticipated formal award of the Rissana licence expected in 2021, we have shown Chariot's strong commitment to both the Anchois gas project as well as to Morocco», he added.