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Chariot Oil & Gas

Chariot Oil & Gas has dispatched the deepwater drillship Ocean Rig Poseidon to drill Prospect S on the Central Blocks offshore Namibia. Operations should last approximately 40 days.  Prospect S could hold 459 million bbl. It is one of five dip‑closed structural traps, with combined prospective resources of 1.758 million bbl, identified across the license in the Upper Cretaceous turbidite clastic play fairway. Pending a successful result, two higher risk-reward stratigraphic traps (885 million bbl combined) could be derisked through calibration of the 6100 sq km of proprietary 3D seismic data over the blocks. The Central Blocks license involves 65% interest from Chariot, Azinam (20%), NAMCOR (10%), and Ignitus Oil & Gas (5%).


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