Chariot Limited
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Adonis Pouroulis
- Full Time Employees
- 79
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Oak House Saint Peter Port Guernsey GY1 2NP
- IPO Date
- Oct 15, 2010
- Website
- chariotenergygroup.com
- Similar Companies
- Business
- Chariot Limited is a Guernsey-based transitional energy company focused on the African market with operations spanning upstream oil and gas exploration, renewable power production, and green hydrogen development. The company’s core products and services include exploration and appraisal activities for oil and gas, particularly through its offshore Moroccan licenses such as the Lixus Offshore license which covers approximately 1,794 square kilometers and includes the Anchois gas discoveries. Chariot also develops and operates renewable power projects, providing sustainable energy and water solutions across Africa, including solar and wind power installations for mining clients in Zambia, South Africa, and other regions. In green hydrogen, the company is actively partnering with Total Eren and the Government of Mauritania on Project Nour, a 10-gigawatt green hydrogen initiative covering around 5,000 square kilometers in northern Mauritania. Founded in 1999 and headquartered in Guernsey, Chariot operates through three primary business streams: Transitional Gas, Transitional Power, and Green Hydrogen. The company integrates Environmental, Social, and Governance (ESG) principles into its management systems and business operations, emphasizing sustainability in energy production. Its oil and gas portfolio includes interests in Moroccan offshore blocks such as Lixus and Rissana, where it recently completed the strategic reacquisition of operatorship, increasing its interest to 75%, and strengthening its control over key assets with established discoveries and substantial 3D seismic data coverage. Recent major developments include a strategic partnership with TotalEnergies for renewable power projects in Zambia and South Africa, and the final stages of acquiring a large Nigerian hard-rock lithium portfolio through a joint venture, securing interests in multiple licenses and mining leases across Nigerian states. Chariot also secured new financing arrangements for these acquisitions, supported by corporate guarantees. Additionally, the company signed a memorandum of understanding with ACWA Power, a leading renewable energy firm, to cooperate on green energy and hydrogen projects. These moves reflect Chariot’s strategic shift towards expanding its renewable and low-carbon energy footprint alongside its traditional oil and gas activities, aiming to be an integrated African energy group transitioning towards cleaner energy solutions. Chariot’s customer base primarily includes national governments, mining companies, and energy off-takers across Africa, positioning the company as a key player in the continent’s energy transition. It maintains a diversified asset base with exploration and development licenses offshore Morocco, Namibia, Brazil, and across West Africa in emerging lithium mining and renewable power projects. The company employs over 4,000 people globally, combining technical expertise in hydrocarbon exploration with growing capabilities in renewable energy technologies. Overall, Chariot Limited offers a comprehensive portfolio of oil and gas exploration, renewable energy projects, and green hydrogen development across Africa and select global sites. Its recent acquisitions, partnerships, and strategic investments underscore a concerted effort to position itself as a leading transitional energy company focused on sustainable growth and energy transition in emerging markets. This description incorporates the latest company updates as of late 2025, including ownership changes in Moroccan licenses, the Nigerian lithium portfolio acquisition progress, and key partnerships in green hydrogen and renewable power sectors.
Chariot Limited (OIGLF) Discusses Upstream Oil and Gas Production Deal and Renewable Power Developments Transcript
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