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    Chariot awards FEED work to Schlumberger, Subsea 7 off Morocco

Summary

The three companies plan an integrated approach to fast-track the project to first gas and maximise the return on investment.

by: NGW

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Chariot awards FEED work to Schlumberger, Subsea 7 off Morocco

Africa-focused Chariot Energy announced on June 20 it had awarded a front-end engineering and design (FEED) contract to a consortium comprising Schlumberger and Subsea 7 for work at the Anchois gas discovery off Morocco.

The three companies will adopt a "one-team" integrated and collaborative approach to fast-tracking the project to first gas and maximising the return on investment, Chariot said. Specifically, the contract covers the design of offshore components including well completions, subsea production systems and subsea umbilicals, risers and flowlines. 

Schlumberger and Subsea 7's Subsea Integration Alliance partnership will also design onshore components including a central processing facility, and flowlines and controls linking it to the shore crossing. They will also work out engineering, procurement, construction, installation and commissioning (EPCIC) costs and schedules, in preparation for Chariot to take a final investment decision (FID) on the project. Schlumberger and Subsea 7 are in line to carry out those EPCIC services.

The Anchois discovery holds over 1 trillion ft3 of contingent and prospective gas resources with a methane concentration of 97% located in high-quality reservoirs. Chariot has a 75% interest in the Lixus licence containing the find while ONHYM has 25%. Chariot has also looked at options for sending the field's gas to Spain as well as Morocco.

Chariot raised $4mn in an open offer of shares earlier this month. In October last year, it also signed a memorandum of understanding with "a leading international energy group" on gas offtake and a development partnership for Anchois, covering 40mn ft3 of daily supply from the facility over 20 years.