Chariot Oil & Gas says preparation for drilling on its acreage offshore Namibia has started following a review identifying 1.75 Billion bbl of gross mean prospective resources.
Chariot says a Competent Person's Report on Namibian Blocks 2312 & 2412A (the Central Blocks), based on 2500sq km of 3D seismic shot in 2016, identified five structural prospects ranging from 283-459 MMbbl gross mean prospective resources, with an up to 29% expected chance of drilling being successful, according to the CPR.
The seismic acquisition campaign targeted leads in the north-western area of the Central Blocks, based on 2D seismic data acquired in 2015, legacy 3D seismic data and calibration from the nearby Wingat-1 and Murombe-1 wells.
An environmental impact assessment (EIA) for drilling operations is being prepared.
Chariot is operator in partnership with partners AziNam (20%), NAMCOR (10%) and Ignitus (5%).