Morocco: Eni takes over Rabat Deep

Eni has taken over as operator of Rabat Deep Offshore permits I-VI following approval from the Moroccan authorities. Chariot Oil & Gas announced in March 2016 that it had signed an agreement for Eni to take 40% (AE 326/13, 321/9). Chariot retains 10%, while 25% is held by Woodside and the state Office National des Hydrocarbures et des Mines has a 25% carried interest. Eni has acquired operatorship and a 40% equity interest from Chariot in return for a capped carry on drilling the JP-1 prospect, as well as a carry on other geological and administrative costs.