Chariot has "very exciting weeks ahead" after gaining Anchois EIA approval
October 31, 2023 at 06:48 am EDT
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Chariot Ltd (AIM:CHAR, OTC:OIGLF) Head of Gas Business & Morocco Country Director Pierre Raillard speaks to Thomas Warner from Proactive after the Africa-focused transitional energy group announced it has received approval for the Environmental Impact Assessment at its Anchois offshore gas project.
Raillard explains that the company has been making significant strides in Morocco before going on to explain that the EIA covers various aspects of the project, including well drilling, construction of offshore subsea infrastructure, and connections to the Maghreb gas pipeline.
The approval, resulting from over a year of rigorous collaboration and assessments, is valid for five years. Raillard highlights Chariot's focus on fast-tracking developments in Morocco to meet the nation's increasing energy demands and facilitate the transition to lower carbon sources.
In the coming weeks, stakeholders can expect updates on various projects, including from the wider Lixus license area and the Loukos Onshore licence area. Chariot remains optimistic about its scalable projects that aim to provide affordable, sustainable energy solutions across Africa.
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Chariot Limited is a Guernsey-based transitional energy company. The Company operates through three business streams: Transitional Gas, Transitional Power and Green Hydrogen. The Company's Transitional Gas is focused on a low-risk gas development project offshore Morocco. Its Lixus Offshore license covers an area of approximately 1,794 square kilometers (km2). The area has data coverage with 3D seismic data covering approximately 1,425 km2 and five exploration wells, including the Anchois-1 and Anchois-2 discovery wells. Its Transitional Power is focused on providing sustainable and reliable energy and water solutions across the continent through building, generating and trading renewable power. Its Green Hydrogen is partnering with Total Eren and the Government of Mauritania on the potential development of a 10 gigawatt (GW) green hydrogen project, namely Project Nour, which covers two onshore areas totaling approximately 5,000 square kilometers (km2) across northern Mauritania.
CHARIOT LIMITED 
