Operations Overview

A Focus on the
Atlantic Margin

Low Risk Gas Appraisal & Development Project

Through the development of its low risk gas appraisal project Chariot aims to generate cash flow to sustain its high impact drilling campaigns

Morocco

Material, High Value Gas Appraisal Project: Lixus

 

  • Anchois -1 gas discovery – 307 Bcf 2C, with deeper 116 Bcf 2U Prospective Resources
  • Material low risk exploration satellites with significant tie-back potential
  • Additional on-block, exploration PR prospect inventory of >1 Tcf running room

 

Supported by a Growing Moroccan Gas Market with Attractive Gas Pricing

 

  • Bulk of power generation from imported coal, fuel oil and gas
  • Moroccan energy demand expected to double between 2015 and 2030
  • Current gas prices averaging 9.0 – 10.5 $/mscf

High Impact Exploration Assets

Chariot has built a diverse portfolio of giant exploration opportunities, each with transformational potential and significant running room in the success case

Morocco

Emerging Hydrocarbon Province

  • Drill Ready; No Remaining Commitments
  • > 2.6 Bnbbls of prospective resource
  • Equity Position: 75%

Brazil

Frontier Hydrocarbon Province

  • Drill Ready; No Remaining Commitments
  • > 1.4 Bnbbls of prospective resource
  • Equity Position: 100%

Namibia

Frontier Hydrocarbon Province

  • Drill Ready; No Remaining Commitments
  • > 1 Bnbbls of prospective resource
  • Equity Position 65%

Watch our video

An Introduction to Chariot Oil & Gas