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(Sharecast News) - Africa-focussed energy company Chariot has signed a binding letter of intent with oilfield services provider Halliburton, it announced on Thursday, for services on its planned Anchois gas appraisal well within the Lixus licence, offshore Morocco.
The AIM-traded firm said Halliburton would assist with project management services, directional drilling and logging whilst drilling services, and drilling fluids materials and engineering services.
It would also provide cementing, pumping, materials and engineering services, wireline logging services, and drill bits and coring services.
"Following on from our recently announced rig award, today's release marks further progress towards our planned appraisal well on the Lixus licence, offshore Morocco, later this year," said chief executive officer Adonis Pouroulis.
"We remain on track for drilling operations to commence in December and we look forward to updating the market further as other operational milestones are achieved ahead of drilling."
At 1209 BST, shares in Chariot were up 6.73% at 6.23p.
13 Aug 2014 15:16