Chariot Oil & Gas signs agreement with Subsea Integration Alliance in Morocco

Chariot Oil & Gas announced that it has signed a Collaboration Agreement with Subsea Integration Alliance to work together to enable the front-end design, engineering, procurement, construction, installation and operation of the Anchois Gas Development project in Morocco.

Subsea Integration Alliance is a nonincorporated strategic global alliance between Subsea 7 and OneSubsea, the subsea technologies, production, and processing systems division of Schlumberger.

Chariot and Subsea Integration Alliance will adopt a “One-team”, integrated and collaborative approach to safely fast-track first gas to maximise the return on investment.

The scope of the Agreement covers FEED work, pre-commissioning and commissioning work, plus the operations and maintenance of the facilities.

Stuart Fitzgerald, CEO, Subsea Integration Alliance commented: "We are pleased to be starting a journey with Chariot on the exciting Anchois gas development in Morocco. We believe the Subsea Integration Alliance “One-team” collaboration with Chariot will help unlock the planning and execution of the development and uncover the true value of the project for all stakeholders.”

Adonis Pouroulis, Acting CEO, Chariot Oil & Gas Limited commented: "This Collaboration Agreement with Subsea Integration Alliance further endorses our view that the Anchois development is a high value project. With the recent announcement on potential project finance. We believe that 2021 will be an exciting year for the business, as we look to commence with our operational plans at Anchois and further enhance our portfolio to include other commercial opportunities along the theme of energy transition.”