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    Chariot hires rig for Moroccan well

Summary

The well will be spudded in December.

by: Joseph Murphy

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Chariot hires rig for Moroccan well

London-listed operator Chariot said on September 7 it had signed a contract with Stena Drilling to secure a rig for the Anchois gas appraisal well it plans to drill at the Lixus licence off the coast of Morocco later this year.

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.

The aim of the appraisal well is to confirm gas resources, reservoir quality and well productivity, and it could be potentially be deepened to establish a larger resource base, Chariot said, adding that it could serve as a future production well. The Stena Don semi-submersible rig is expected to start work on the well in December and complete it within 40 days. 

"We have been keenly focused on delivering the drilling campaign that we recently raised money for, and we are pleased that this contract award brings us a step closer to achieving this," Chariot's acting CEO Adonis Pouroulis commented.