Gas discovery could transform Morocco
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
Morocco is on the brink of developing its biggest gas discovery to date, following Energean’s farm-in to offshore acreage previously controlled by AIM-listed Chariot Energy. Everything now depends on the results of an appraisal well to be drilled this summer, according to Energean CEO Mathios Rigas in an exclusive interview with Petroleum Economist. London-listed FTSE 250 independent Energean has made impressive progress in developing assets that today supply around half of Israel’s gas from the offshore Karish field, where it has installed an FPSO and constructed a pipeline to shore. Having just completed its farm-in to offshore assets in Morocco—and assumed operatorship—Energean is hoping
Also in this section
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition