Chariot in first Namibia spud

Delivering for Chariot: the ultra-deepwater semi-submersible drilling rig Maersk Deliverer

Chariot Oil & Gas has spudded the first prospect in its multi-well programme offshore Namibia as it hunts tonnage for a further probe later this year.

Maersk Drilling’s semi-submersible Maersk Deliverer spun the bit on the 118/5-1 well on the South Tapir prospect on Thursday morning, Chariot revealed.

The well is only the second to ever be drilled on the offshore Namibe Basin and is Chariot’s first in what will be a four or five-well programme off the African nation.

Chariot said the probe has a 25% shot at success with unrisked prospective resource potential of 604 million barrels of oil.

Drilling and testing is expected to take 70 days with a total depth of 5100 metres being chased.

The Tapir South prospect is about 80 kilometres off Namibia in northern Block 1811A, in which Chariot has a 100% equity interest.

“The Tapir South prospect is part of the Tapir trend where three prospects have been identified on a large ridge formed by a rotated fault block containing the potential carbonate target, draped by deep marine sediments with turbidite sandstone levels forming a stack of overlying targets,” Chariot said.

“Tapir South is the southernmost of three culminations on the ridge  and forms a focal point for charge migration from an adjacent basin in which excellent oil prone source rocks are believed to be present and currently generating oil.”

Chariot said the second well in the Namibia campaign – Kabeljou, also known as 2714/6-1 – is now expected to be drilled earlier than previously thought. A drilling unit is expected to be secured in the third quarter.

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