East Med focused, London-listed Greek firm Energean has completed its Morocco farm-in, taking a 45% operator’s stake at the Lixus offshore license and 37.5% operator’s stake at the surrounding Rissana exploration permit. The deal was first announced in December last year and has now received “necessary Moroccan governmental and regulatory approvals” according to UK-listed Chariot which retains 30% and 37.5% respectively at the licenses, having received $10mn from Energean (MEES, 8 December 2023). Moroccan state firm ONHYM holds the remaining 25% at both licenses.
Lixus contains the 0.64tcf Anchois gas field, where the firms are planning on drilling in Q3 this year in a bid to “increase the Anchois gas development to over 1tcf.” The Stena Forth drillship has been contracted for this, as well as an optional well within the Lixus licence, Chariot says. The aim is to “further appraise the existing gas sands, including flow testing and target undrilled prospective resources.” (CONTINUED - 240 WORDS)