Chariot Oil & Gas Get Licences for 3 Blocks in Namibia
Namibian Portfolio. In an update it informed about its Namibian portfolio, its repositioning in the region and forward work programmes across these licences. These steps improve Chariot's negotiating position in partnering discussions and provide further commercial optionality. The move also aligns this part of Chariot's portfolio with its strategy of being a fast follower and managing risk whilst retaining significant equity and acreage positions. In line with this strategy, Chariot will aim to proceed towards the drilling phase across its Namibian acreage following appropriate geological and financial de-risking. Within the Central blocks…
Chariot Agrees Brazil Farm Out with AziLat
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, announced that its wholly owned subsidiary, Chariot Brasil Petróleo e Gás Ltda., has signed a farm-out agreement with AziLat Limited through its local subsidiary AziBras Exploração de Petróleo e Gás Ltda. Following completion of this agreement, which is subject to the approval of the Brazilian authorities, AziLat will hold a 25% equity interest in Chariot's BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 blocks in the Barreirinhas Basin, in return for paying 50% of the 3D seismic acquisition and processing costs to be incurred across these blocks. Chariot will remain Operator with a 75% equity interest. AziLat is a subsidiary of the Azimuth Group.
Liftboat Drills Deep off Namibia on the African Coast
Chariot Oil & Gas Limited confirms that the Tapir South (1811/5-1) exploration well in Northern Block 1811A in the Namibe basin offshore Namibia has reached a total depth of 4,879 metres TVDss. The well was drilled by the Mærsk Deliverer semi-submersible drillship in 2,134 metres of water and operated by Chariot's wholly owned Namibian subsidiary, Enigma Oil & Gas (Pty) Limited. Preliminary logging results indicate that, although excellent reservoirs were penetrated, no commercial hydrocarbons were found and the well will be plugged and abandoned. The well encountered 173 metres of net reservoir sand of Cretaceous age, including two zones in excess of 30 metres with average porosities of 24% and evidence of good permeabilities.
Rig Owner Gets $34m for 60-day Charter
Charter of 'Maersk Deliverer' to Chariot Oil & Gas to yield handome profit for Maersk Drilling Chariot’s wholly-owned subsidiary Enigma Oil & Gas has chartered the rig for two months to drill a single well on the Tapir South prospect, off Namibia. The Maersk Deliverer is an ultra-deepwater semi-submersible drilling rig, capable of operating in water depths of 10,000 feet and drilling to a depth of up to 30,000 feet. The rig has been operating off West Africa since Maersk took delivery in 2010 and most recently at the Narina-1 wildcat on Block LB-9, off Liberia struck oil.
Chariot Oil & Gas Starts Seismic Program
Chariot Oil & Gas Ltd reported that on block 2714A, offshore Namibia, another seismic program has started. Enigma Oil & Gas Exploration (Pty) Limited, the company's wholly owned subsidiary, has agreed to the programme after the farm-out with Petrobras recently. Petrobas will pay 50% of the costs of this survey and will help acquire another 1,500 sq km of 3D seismic on the block. External seismic data will be provided by CGGVeritas, a geophysical services group and the data acquisition will take about three months, thereafter it will be processed and interpreted. The previously acquired 3D seismic is also being processed by CGGVeritas.
