The Lixus licence covers an area of approximately 2,390km
2 , 30km north of Chariot’s existing Moroccan acreage, with water depths ranging from the coastline to 850m. The area has been subject to earlier exploration with legacy 3D seismic data covering approximately 1,425km
2 and 4 exploration wells, including the Anchois gas discovery.
The Rissana licence covers an area of approximately 8,476km
2 and will completely surround the offshore boundaries of Chariot’s existing Lixus licence which contains the Anchois Gas Discovery, as well as covering the most prospective northern areas of the previously held Mohammedia and Kenitra licences.
The Barreirinhas Basin, Brazil, sits on the conjugate margin of Côte d’Ivoire and Ghana, with successful drilling campaigns in recent years indicating an analogue for significant hydrocarbon generation. Whilst relatively underexplored, the shallow water wells in the basin have encountered excellent quality, oil-prone source rocks modelled to be oil mature in the fetch area for Chariot’s targets and excellent quality Tertiary and Upper Cretaceous turbidite reservoir rocks have been encountered in nearby deepwater drilling with good porosity and permeability.