IOG CEO joins Chariot as non-exec director to provide Morocco expertise

Chariot Oil & Gas has appointed Andrew Hockey, the current CEO of UK North Sea-focused Independent Oil and Gas, as an Independent Non-Executive Director hoping to help it with the development of the Anchois asset offshore Morocco.

Hockey has over 35 years’ experience in the oil & gas industry, with expertise in the development and production of gas assets in the UKCS sector.

He was a founder of Fairfield Energy Limited with whom he is a Non-Executive Director and was previously a Non-Executive Director and Chairman of Sound Energy Plc, a mid-cap Moroccan gas company.

It is his Moroccan experience that Chariot Oil & Gas is hoping to benefit from, as the company in April obtained a 75% interest and operatorship of the Lixus Offshore License in Morocco containing the undeveloped Anchois gas discovery.

George Canjar, Chariot Chairman said: “On behalf of the Company I am very pleased to welcome Andrew to the Board. His experience in Morocco and his expertise with delivering gas appraisal and development projects in the UK and elsewhere will no doubt prove invaluable as we seek to deliver value from the Anchois gas discovery in Morocco. Furthermore, his experience in the oil and gas sector will enhance our decision making and strategic planning.”

Chariot Oil & Gas last month received a positive competent person’s report over resources in its recently acquired block offshore Morocco.

The CPR by Netherland Sewell & Associates Inc. (“NSAI”) over the satellite prospects adjacent to the Anchois-1 gas discovery in the Lixus Offshore Licence upgraded remaining recoverable resources to in excess of 1 Tcf of gas ( (comprising 2C contingent resources and 2U prospective resources).

As previously reported, Chariot in April said it had estimated that Anchois and the satellites held remaining recoverable resources in excess of 900 Bcf.

The initial license commitment includes a technical program of 3D seismic reprocessing and evaluation to access the additional exploration potential of Lixus. Chariot has said that further CPR on additional five prospects identified in Lixus license will be completed after the 3D seismic reprocessing project.
Chariot has said that the excellent quality reservoirs in the Anchois discovery offer the potential for high rate wells and the consequent possibility of a low-cost development.

In its previous presentation Chariot said it might drill an appraisal well at Anchois in mid-2020.

Offshore Energy Today Staff


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. 

If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both domestic and overseas buyer groups, including Shell, Exxon Mobil, Total…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Nigeria Oil & Gas Conference & Exhibition 2019

The annual meeting once again proved to be a great success, gathering over 700 industry professionals…

read more >

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply