Chariot takes another step forward with Anchois Project
May 02, 2023 at 07:35 am EDT
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Chariot Ltd (AIM:CHAR, OTC:OIGLF) chief financial officer Julian Maurice-Williams speaks to Proactive after the Africa-focused transitional energy group announced that it has entered into a partnership in Morocco to create a midstream joint venture overseeing the distribution of natural gas to industrial customers.
Maurice-Williams explains how the project fits in with Chariot's drive toward Final Investment Decision for the Anchois Project, which he describes as "priority number one" for the management team.
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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.