Project Profile
Value: Undisclosed
Location: adjacent to Loukos and Rabat Deep licences, offshore Morocco
Reserves: unknown
Area: approximately 4,600km2
Depth: less than 500m (water)
Start-up Year: -
Chariot Oil & Gas Limited, through its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Limited, has been awarded a 75% interest and operatorship of the Mohammedia Reconnaissance Licence offshore Morocco in partnership with the Office National des Hydrocarbures et des Mines (\"ONHYM\") which holds a 25% carried interest. This licence area is adjacent to the Company\'s Loukos and Rabat Deep licences and sits in the near shore. It covers an area of approximately 4,600km2 with water depths less than 500m. The award remains subject to final approval from the relevant authorities.
As detailed in November 2013, following the reprocessing and interpretation of extensive legacy 2D data on the Loukos licence, Chariot identified a significant Mio-Pliocene lead. This lead extends into Mohammedia and as a result the Company decided to relinquish those parts of the Loukos licence that it believed did not encompass this prospectivity and to request the award of the Mohammedia Reconnaissance Licence. In addition to the extension of the Mio-Pliocene lead from Loukos, Chariot has also identified a possible extension of the Jurassic shelf edge play from the Rabat Deep area into Mohammedia, which will be investigated further through seismic data acquisition. This will ensure that Chariot and ONHYM are able to capture all of the potential identified within this region and maximise the Company\'s information and understanding of its Moroccan portfolio.
Operators:
Chariot Oil & Gas Limited (through wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Limited): Operator with 75% interest
Office National des Hydrocarbures et des Mines (ONHYM): 25% interest