Chariot regains operatorship of Moroccan offshore licences from Energean
Chariot Limited, an Africa-focused energy group, announced on Wednesday, May 14, that it has regained control of its Moroccan offshore interests. Energean plc, a London-based oil and gas company, transferred its 45% stake in the Lixus Offshore and 37.5% stake in the Rissana Offshore licences to Chariot. As a result, Chariot now holds a 75% working interest in both licences, with Morocco's Office National des Hydrocarbures et des Mines (ONHYM) retaining 25%.
This transfer follows a 2023 agreement in which Chariot sold the same stakes in both licences to Energean. At that time, Chariot retained a 30% interest in Lixus and 37.5% in Rissana, while ONHYM maintained a 25% stake in both.
Now that operatorship has been restored, Chariot is committed to working with ONHYM to refine the development plan and explore further potential in the Lixus and Rissana areas, reads a press release.
«We are pleased to have completed the transfer and regained operatorship, as we see significant value in our diversified Moroccan position, both offshore and onshore», said CEO Adonis Pouroulis.
It is worth noting that Chariot works on high-value gas development in Morocco, alongside renewable power and green hydrogen projects across Africa.
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