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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.
22 Nov 2022 14:40
IN BRIEF: Chariot takes 25% stake in new South Africa power trader
Chariot Ltd - London-based, African-focused company working on energy transition and green hydrogen projects - Takes 25% interest in Etana Energy (Pty) Ltd, a new South African company that has been granted an electricity trading licence by the National Energy Regulator of South Africa. The licence allows Etana to buy and sell electricity on the national transmission grid and within some municipal areas. The remainder of Etan is owned by the Neura Group with 49%, H1 Holdings with 21%, and Meadows Energy with 5%, all with experience of the South African electricity market, Chariot says.
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