Chariot and Vivo Energy sign Gas Commercialisation Agreement

Proactive - Interviews for investors

Chariot Ltd's Morocco managing director Pierre Raillard speaks with Proactive's Stephen Gunnion about a new Heads of Terms agreement with Vivo Energy. Raillard explained that Vivo Energy, a leading distributor in Africa with a strong presence in Morocco, has entered an agreement with Chariot to develop a gas-to-industry business through the commercialisation of domestic gas on the Loukos Onshore licence. Raillard elaborated on their intention to create a midstream compressed natural gas partnership. He highlighted that they recently announced the completion of their first drilling campaign, resulting in a gas discovery at the OBA-1 well. With this agreement, Chariot Ltd can rapidly commercialise future production and further develop Morocco's gas infrastructure network. Raillard also discussed upcoming catalysts for Chariot, including further analysis and well-focused development on their offshore licenses. He emphasised Morocco's growing market for natural gas and the country's roadmap for decarbonisation as significant drivers for their operations. Visit Proactive's YouTube channel for more videos, and don't forget to give this video a like, subscribe to the channel, and enable notifications for future content.