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Wednesday, June 7, 2017
Chariot Oil & Gas provided an update on Blocks 2312 and 2412A offshore Namibia, collectively known as the Central Blocks. Chariot and its partners AziNam, Namcor and Ignitus saw a CPR completed on the Central Blocks based on 3D seismic completed in 2016, which resulted in the identification of five structural prospects.
These five structural prospects have been independently audited by Netherland Sewell and Associates (NSAI) who estimate gross mean prospective resources for each prospect ranging 283 – 459 million barrels. Each of these prospects has two or more targets and NSAI report the Probability of Geologic Success as ranging up to 29%. The portfolio of dip closed structural prospects exceeds 1.75 billion barrels of gross mean prospective resources.
The company, on behalf of the Central Blocks partnership, has initiated the process to prepare for drilling by undertaking an EIA over the new prospects identified from the 2016 seismic campaign.
In addition, it is undertaking a contract strategy to identify an appropriate drilling unit, long-lead items such as wellheads and tubulars, auxiliary services and logistic base for well services, supplies, helicopters and medivac. The initial scope of work will be managed through Chariot’s in-house team supported by Robert Mwanachilenga, Country Manager and Senior Staff Drilling Engineer in Namibia who was responsible for in-country support for the Tapir South-1 deep water well operated by Chariot in 2012.
The target is to undertake this drilling in H2 2018 and the partnering process continues.
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