Business
Anchois Engineering and Design Update
Anchois Engineering and Design Update.
About this update from Chariot Limited
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n 8 March 2023\n \n \n \n \n \n \n Chariot Limited\n \n \n \n (\"Chariot\", the \"Company\")\n \n \n \n \n \n Completion of Engineering and Design for Morocco Offshore Gas Development Project\n \n \n Progressing the Anchois development to deliver first gas\n \n \n \n \n \n Chariot Limited (AIM: CHAR), the Africa focused transitional energy company, is pleased to announce that it has now completed the Front-End Engineering and Design (\"FEED\") on the key components of its flagship Anchois gas development project (\"Anchois\"), offshore Morocco. The\n Anchois gas field is located within the Lixus Offshore licence area (\"Lixus\"), in which Chariot holds a 75% interest and operatorship, alongside ONHYM which holds a 25% interest.\n \n \n \n \n \n ·\n The FEED for the Anchois development was initiated in June 2022. In conjunction with the subsurface development studies, this work confirms the individual components of the initial development, which includes:\n \n \n \n \n \n o \n Three initial subsea producer wells, including the Anchois-2 well drilled by Chariot in 2022, with multi zone completions to enable gas recovery across multiple stacked sands;\n \n \n o \n Subsea infrastructure (\"SURF\" and \"SPS\") capable of delivering produced hydrocarbons from the wells to the onshore facilities via a subsea flowline and controlling the wells via an umbilical, with future expansion capabilities to tie-back additional wells;\n \n \n o \n Onshore central processing facility (\"CPF\") to process the hydrocarbons and to deliver treated gas and condensate to market, with an initial capacity of 105 mmscfd; and\n \n \n o \n Onshore gas pipeline to deliver the gas to the anchor gas offtakers via the Maghreb Europe Gas Pipeline (\"GME\"), for which a tie-in agreement has already been signed.\n \n \n \n \n \n ·\n Engineering, Procurement and Construction (\"EPC\") commercial proposals have now been requested.\n \n \n \n \n \n ·\n In addition to the FEED, other technical work has been progressing in parallel, in the lead up to development sanction, including:\n \n \n \n \n \n o \n Environmental, Social Impact Assessment (\"ESIA\"), for which onshore and offshore environmental baseline surveys (\"EBS\") have already been conducted;\n \n \n...