Chariot Ltd. has acquired 75% interest and operatorship of the Loukos exploration license onshore Morocco.
The agreement was signed by a wholly owned subsidiary of Chariot in partnership with the Office National des Hydrocarbures et des Mines (ONHYM) which will hold the remaining 25% interest.
Loukos covers about 1,371 sq km and lies adjacent to Chariot’s Lixus and Rissana offshore licenses, the former of which contains the Anchois gas discovery and development project (OGJ Online, Jan. 21, 2022; Mar. 8, 2023).
License commitments include reprocessing of existing 2D and 3D seismic data and desktop studies. Chariot has identified multiple low risk gas prospects based on existing modern 3D seismic data and on-block wells, the company said. Priority targets are expected to be drilled with rigs available in the country.