Morocco a step closer to energy transition

London listed energy company Chariot has made a significant gas discovery at the Anchois-2 well at its Anchois gas project within the Lixus licence offshore Morocco. Image credit: Chariot and the African Gas Chamber.

Morocco a step closer to energy transition

AIM listed energy company Chariot’s gas discovery offshore Morocco has brought the country a step closer to a green energy transition.   

Chariot has made a significant gas discovery at the Anchois-2 well at its Anchois gas project within the Lixus licence offshore Morocco.

Chariot is an African-focused transitional energy company and has a 75% interest and operatorship of Lixus in partnership with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) which holds a 25% interest.

According to Adonis Pouroulis, acting CEO of Chariot, this is a tremendous outcome considering the immense challenges. “The well was drilled safely, successfully and on time despite significant operational and logistical challenges posed by the current pandemic,” says Pouroulis.

“Chariot has made a significant gas discovery at the Anchois-2 well which exceeds all our expectations. In addition, the team has conducted a successful appraisal well operation. We continue to conduct further analysis on the data collected from the well, but as it stands, we believe the result is transformational for Chariot,” says Pouroulis.

With the recently announced key terms of gas offtake with a prominent international energy group, interest from two highly regarded institutional lenders to provide debt finance, an ongoing collaboration with a leading constructor of offshore gas projects and now this successful gas well result, the Anchois project is getting closer to helping provide a clean transitional fuel to support Morocco’s industrial and economic growth.

Highlights of the operation

  • Anchois-2 well has been safely and efficiently drilled to a total measured depth of 2,512m by the Stena Don drilling rig in 381m of water.
  • Comprehensive evaluation of the well has been undertaken through wireline logging (including petrophysical evaluation, subsurface formation testing including reservoir pressures and gas sampling, sidewall cores and well bore seismic profiles).
  • Preliminary interpretation of the data confirms the presence of significant gas accumulations in the appraisal and exploration objectives of the Anchois-2 well with a calculated net gas pay totalling more than 100m, compared to 55m in the original Anchois-1 discovery well.

Appraisal Target

Gas Sand B has a calculated total net gas pay of more than 50m in two stacked reservoirs of similar thickness. The upper reservoir is a continuation of a reservoir drilled in the original discovery well, Anchois-1, with the lower reservoir being newly identified.

Exploration Targets

Gas Sands C, M & O were successfully encountered with multiple gas-bearing intervals across a gross interval of 250m measured distance with no water-bearing reservoirs identified, materially exceeding pre-drill expectations.

Previously discovered Gas Sand A was not targeted in the Anchois-2 well, due to the intention of evaluating it in the subsequent Anchois-1 re-entry operations, however, the Anchois-2 well encountered gas bearing sands at this level providing important additional subsurface data.High quality reservoirs were encountered in all gas sands.

Further analysis will be undertaken to fully understand the positive implications on:

  • Gas resources within the expanded Anchois field and the scale of the potential gas development.
  • De-risking of numerous additional material exploration prospects within the Lixus
  • Licence area with similar seismic attributes to the Anchois discovery now considered to be low risk.

The well will now be suspended for potential future re-entry and completion as a production well in the development of the field.

The Stena Don rig will then move to the Anchois-1 gas discovery well to perform re-entry operations with the objectives of assessing the integrity of the previously drilled well, and if successful, providing a future potential production well for the development of the field.

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