Chariot concludes Morocco's Anchois Gas Field development feasibility study

Chariot Oil & Gas declared development of Anchois Gas Field technically feasible

Chariot oil and gas, Anchois, Feasibility

Chariot Oil & Gas released a statement with the results of its development feasibility study for the Anchois Gas Field in Morocco.

The company found that the development of Anchois Field is technically feasible, and has "potential for either a single phase or a staged development to commercially optimise access to different parts of the gas market," according to the statement.

"The results of these studies demonstrate the technical feasibility and commercial attractiveness of developing the Anchois gas discovery with the potential to offer a strategically important indigenous source of gas into Morocco’s developing energy market," said Chariot CEO Larry Bottomley.

"We believe the combination of a de-risked resource base in a fast-growing energy market, with high gas prices and a need for increased supply remains highly attractive to a wide range of potential strategic partners throughout the energy value chain," he continued. "As part of the partnering process and to facilitate appraisal operations in 2020, the Company has initiated a Drilling Environmental Impact Assessment.”

It outlined development options, including subsea-to-shore, which would consist of subsea production wells tied to a subsea manifold, which would be connected to an onshore central processing facility via a subsea flowline and umbilical. The gas could be processed at the onshore facility and then delivered to the Maghreb-Europe gas pipeline through an onshore gas pipeline.

Chariot also noted potential to re-enter Anchois-1 gas discovery well, which was suspended, but could be completed as a producing well.

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