The key terms of the future gas sales agreements will be for c.40 million ft3/d, for up to 20 years on a take or pay principle, to underpin the development. In addition, an agreed framework process has commenced to establish a long-term partnership. The parties will progress discussions with the view to signing final agreements to implement the Anchois Gas Development with targeted Final Investment Decision (FID) in 2022 and first gas in 2024.
Adonis Pouroulis, Acting CEO of Chariot, commented: "Ahead of our highly anticipated Anchois gas appraisal well in December I am very pleased to announce this MOU on gas sales and partnering. Along with the recent high international gas prices, this agreement clearly demonstrates that there is significant demand to underpin the Anchois Gas Development. This agreement will help expedite the development of this value accretive gas project, for the benefit of all stakeholders.”
Read the latest issue of Oilfield Technology in full for free: Issue 3 2021
Oilfield Technology’s third issue of 2021 starts with a report from Wood Mackenzie focusing on the upstream industry’s fortunes in Asia-Pacific. The rest of the issue is dedicated to features covering offshore engineering, coiled tubing, frac technology, completion technologies, water management, well placement and much more.
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Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/29102021/chariot-signs-gas-offtake-mou-for-anchois-development/