Energean plc Expands into Morocco with Acquisition of Chariot Limited Estate: Anchois Gas Development and Mediterranean Exploration Opportunities

2023-12-07 07:00:00

Energean plc announced that it has acquired the Chariot Limited estate offshore Morocco, which includes the 18 billion m3 (gross) Anchois gas development and significant exploration opportunities . This entry into a new country fits perfectly with Energean’s strategy to become the leading independent producer in the Mediterranean, focusing on high quality gas assets. New country in Energean’s central Mediterranean region, with terrain supported by attractive gas development.

The company acquires 45% of the Lixus license, with the possibility of increasing this share to 55% following drilling results, and 37.5% of the Rissana license, and assumes the exploitation of these two licenses.

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