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.
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.
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).
