Chariot announced that it has signed a front-end engineering and design (FEED) agreement with Schlumberger and Subsea 7, as part of a consortium, for the Anchois gas development project in Morocco.

In order to maximize the return on investment, Chariot, Schlumberger, and Subsea 7 will continue to use a “one-team” integrated and collaborative approach.

Oliver Blaringhem, CEO, Subsea Integration Alliance: “We are delighted to work with Chariot on the FEED project. We remain fully aligned with their objectives and will build upon the work undertaken to date to optimize the design and development of the Anchois Gas Project.”

The agreement covers:

• Front-end engineering support and design work for the Anchois gas development
• Preparation of deliverables, such as engineering, procurement, construction, installation, and commissioning (“EPCIC”) costs and schedules, required prior to making a final investment decision (“FID”)
• For the field development, operations, and maintenance (“O&M”) of the facilities during commissioning, Chariot can directly procure EPCIC services with Schlumberger and Subsea 7
• Adherence to environmental, social, and governance (“ESG”), minimizing emissions while promoting both direct and indirect job creation in Morocco