Chariot Oil & Gas adds acreage off Morocco

Chariot Oil & Gas Holdings (Morocco) plans to reprocess 1,425-sq-km of 3D seismic data and assess development and exploratory potential of the Lixus license offshore Morocco. The subsidiary of Chariot Oil & Gas has been awarded the license and designated operator with a 75% interest, in partnership with the National Office of Hydrocarbons and Mines, with 25%.

Chariot Oil & Gas Holdings (Morocco) Ltd. plans to reprocess 1,425-sq-km of 3D seismic data and assess development and exploratory potential of the Lixus license offshore Morocco.

The subsidiary of Chariot Oil & Gas Ltd., London, has been awarded the license and designated operator with a 75% interest, in partnership with the National Office of Hydrocarbons and Mines, with 25%.

Development would involve a 2009 discovery by a group led by Repsol YPF SA in the Anchois-1 well, drilled in 388 m of water 40 km offshore (OGJ Online, Mar. 30, 2009). The well cut two Tertiary intervals of high-quality, gas-bearing sands totaling 90 m, with net pay Chariot estimates at 55 m.

Chariot said the Anchois-1 reservoir sands occur above a nappe emplaced during the Alpine orogeny that exhibit “a characteristic and anomalous seismic signature.”

It has identified five satellite prospects with tie-back potential, the focus of its seismic reprocessing. It also will evaluate leads identified below the nappe.

The 2,390-sq-km license extends from the coastline into 850 m of water. It’s 30 km north of Chariot’s existing Moroccan acreage (OGJ Online, June 16, 2016).

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