Chariot
Thanks to Malcy's blog
With so much going on in Morocco and as a sponsor of the Summit it was not surprising that Chariot was well represented this week. The keynote presentation: Morocco’s Unique position in Africa as an emerging hydrocarbon province was given by Duncan Wallace, Chariot’s Technical Director.
In addition Pierre Raillard, Chariot’s Head of Gas business and Morocco Country Director, gave an address entitled ‘Building a sustainable gas value chain in West Africa’.
Clearly the Anchois Development Project has been the key to recent excitement at Chariot as it will have the ability to deliver substantial quantities of gas primarily into the Moroccan domestic market with significant upside. This is because whilst there are obvious export opportunities, the country are committed to the long term plan to move the needs of the country away from coal and to gas as a transition fuel for power generation.
Chariot are planning to supply Morocco’s key Atlantic industrial zones and they have a partnership with Vivo Energy in terms of energy distribution and of course this will hopefully be added to when the Loukos Project gets underway. This project has been put together alongside Anchois as it’s onshore location should mean that wells can be drilled more quickly and get to production sooner, it is very true that it will involve exploration wells but Duncan Wallace said to me today that ‘there seems no reason why they shouldn’t work, after comparing all the similar geological and geophysical similarities the prospects have with our success at Anchois and taking into account the offset wells which demonstrate reservoir and gas presence’
It would be wrong not to mention Eni who are drilling the Cinnamon-1 offshore exploration well and of course whilst likely to be targeting oil in the Jurassic, would on any success have an immediate effect on local industry in such areas as service providers.
Chariot were also highly complimentary about the relationship with ONHYM who have been not only giving help to upstream but also to those in midstream which will be important for Chariot as it highlights the infrastructure opportunities presented.
