Chariot Oil & Gas Limited (CHAR.L) Announced an update on the Lixus Offshore Licence (Lixus), with the completion of the Development Feasibility Study for the Anchois Gas Field and the Morocco Gas Market and Anchois Field Monetisation Assessment, that the development of the Anchois Field is technically feasible, with the potential for either a single phase or a staged development to commercially optimise access to different parts of the gas market and development options include a "subsea-to-shore" concept, employing proven industry standard technical solutions and equipment. This concept consists of subsea production wells tied to a subsea manifold, from which a subsea flowline and umbilical connect the field to an onshore Central Processing Facility (CPF), where gas is processed and then delivered into the Maghreb-Europe Gas pipeline (GME) via an onshore gas flowline. The company added that the potential to re-enter the suspended Anchois-1 gas discovery well, which may be completed as a producer well and Morocco has a growing energy market with attractive gas prices that underpins a commercially attractive project. Further, the company has initiated an Environmental Impact Assessment to facilitate appraisal operations in 2020.
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