Continental Focus, International Reach

Another Namibian Spud Imminent

Monday, October 1, 2018

The Ocean Rig Poseidon, the sixth generation deepwater drillship that has been contracted to drill for Chariot Oil & Gas offshore Namibia, has been mobilized to the southern African country.


The drillship will be used to drill a well on Chariot’s Central Blocks license. The well, targeting Prospect S, is expected to spud in the next few days and it is estimated that the well will take around 40 days to drill.

Chariot is the operator of the license and is partnered with Azinam, Namcor, and Ignitus.

Prospect S, independently estimated as a gross mean prospective resource of 459 million barrels and a probability of geologic success of 29% by Netherland Sewell Associated Inc., is one of five dip-closed structural traps, totaling 1,758 million barrels gross mean prospective resources, that have been identified in the Upper Cretaceous turbidite clastic play fairway.

A further two higher risk-reward stratigraphic traps, totaling 885 million barrels gross mean prospective resources, could be de-risked through the calibration of the 6,100 sq km of proprietary 3D seismic data on the Central Blocks with the result of the Prospect S well.