One-Page Deal Sheet
Eni Eyes 40% Stake, Operatorship of Rabat Permit Offshore Morocco
Eni S.P.A Chariot Oil and Gas
Announced Date
March 30,2016
Close Date
January 09,2017
Transaction Type
Working Interest
Asset/Basin:
{"Morocco Atlantic Margin","Rabat Deep Offshore"}
TargetZones:
{"Jurassic carbonate
Transaction Details: Subscribe to see
Eni signed today a Farm-Out Agreement (FOA) with Chariot Oil & Gas to enter into Rabat Deep Offshore exploration permits I-VI, located in the Northern Atlantic Margin of Morocco. The completion of this FOA is subject to the authorization of the Moroccan authorities, to current partners’ approval and other conditions precedent.
The agreement provides the Operatorship to Eni and a 40% stake of the license as well as the exploration rights over an area of 10,780 square kilometers, with a water depth ranging from 150m to 3,500m so far unexplored and with the prospect of finding liquid…
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