Art of living

It was to thunderous applause, in a full house that Ryad Mezzour, his successor at the Ministry of Industry, received the Prize that was awarded to him. If for the latter, he fully deserves it, given the work he has done within the Department and for Morocco, Hicham Rahioui Idrissi, CEO of Industricom which publishes Industrie du Maroc Magazine, justified this award by significant impact of a person on the Moroccan industrial fabric, through his many actions.

At the same time, the commitments of the participating banks reached nearly 6.8 billion dirhams with the banks, mainly in the form of refinancing through the product of “Wakala bil Istithmar” and sight deposits received from the parent banks, said the same source.

Checking accounts and current accounts rose by 33.6% to 5.49 billion dirhams, while investment deposits rose to more than 1.58 billion dirhams.

Chariot, a British energy-focused company, announced the update of the initial estimates for the gas reservoir located in the Moroccan offshore gas well Anchovies-2 located at Larache.

Following further analysis of the data, Chariot said in a statement that the reservoir gas assessment Anchovies-2 has been increased from 100 m to 150 m, compared to 55 m estimated when the well was first discovered Anchovies-1.

The energy company further announced that tests carried out on these field wells revealed that methane gas would be present at more than 96% in the seven reservoirs, “without harmful impurities such as H₂S where the CO₂ “, allowing “minimal treatment” of the gas required in the development, which makes the process of development of the gas ofAnchovies-2 fast and cost effective.

In this sense, the British company Chariot Oil & Gas pointed out that research is ongoing before reaching the development process, noting that processing the gas in its current composition will not require a lot of investment, as it might be carried out from d’« a single gas treatment facility”.

gas wells Anchovies-1and Anchovies-2 fall under offshore drilling license Lixus. Under this license, Chariot owns 74% interests in the gas reservoir, while the Office National des Hydrocarbures et des Mines (ONHYM )holds 25% interests.

Adonis Pouroulis interim CEO of Chariot, has this « ravi to announce this very positive update on the analysis of well data obtained from our successful gas drilling campaign on the Anchois project”.

In this direction, Andonis Pouroulisadds that: « ourambition is to bring anchovy gas development online quickly, to fuel Morocco’s economic growth, but also to provide short-term cash flow to our shareholders. We will continue to work on an accelerated development plan for the land, to the benefit of all stakeholders.”

Alongside the development plans for the Anchois gas field, the group aims, according to Pouroulisto maximize the value of the benefits of exploration in what he calls a low-risk, high-value opportunity.

The energy-focused British oil giant is counting on gas as a “bridge” fuel on its way to a greener future. The company has several green projects underway, including a green hydrogen project in Mauritania. The company is expected to close the deal in 2022.