Chariot seeks exploration extension for blocks offshore Morocco

Offshore staff

LONDON – Morocco’s Office National des Hydrocarbures et des Mines and Chariot Oil & Gas Investments (Morocco) (AIM:CHAR) have agreed on a six-month extension for Phase 1 exploration of the offshore Loukos, Casablanca, and Safi licenses.

The Ministry of Mines and Energy and the Ministry of Finance also must approve the move.

Chariot is reprocessing and interpreting 11,000 km (6,835 mi) of 2D seismic data across all of its acreage offshore Morocco, and wants “time to gain the best possible description” of the license prior to Phase 2.

The Loukos, Casablanca, and Safi licences were transferred to Chariot last year with six months remaining in the initial phase.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...