Energean to drill offshore Morocco

Energean PLC will assume operatorship of Lixus and Rissana licenses offshore Morocco and will drill in Lixus after partner Chariot Ltd. signed a rig contract for the Stena Forth drillship.
April 10, 2024

Energean PLC will assume operatorship of Lixus and Rissana licenses offshore Morocco and will drill in Lixus after partner Chariot Ltd. signed a rig contract for the Stena Forth drillship.

The rig will drill the Anchois-East appraisal and development well and an optional well within the Lixus license. This drilling and testing campaign will be conducted in third-quarter 2024 which will further appraise the existing gas sands, including flow testing, and target undrilled prospective resources to increase the Anchois gas development to over 1 tcf.

Following receipt of all necessary Moroccan governmental and regulatory approvals, Energean now holds 45% and 37.5% of the respective interests in, and is operator of, Lixus and Rissana licenses, offshore Morocco (OGJ Online, Dec. 7, 2023). Chariot retains 30% and 37.5% of the respective interests in these licenses, with ONHYM maintaining a 25% stake in each. Chariot has received $10 million upfront cash consideration from Energean.

About the Author

Alex Procyk

Upstream Editor

Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).

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