Chariot O&G Boosts Prospective Resources by 36% Offshore Namibia



Chariot O&G announced a resource increase in its Northern license, offshore Namibia. The company raised its un-risked mean prospective resources by a further 700 million barrels from 1.940 to 2.631 billion barrels, up 36%. This increase, resulting from continued technical work undertaken on the 3D seismic data acquired across these blocks, has led to a significant improvement in the chance of success. In total, Chariot’s prospective volume amounts to 13.9 billion bbls.

Chariot stated that concurrent to the work which identified the Nimrod prospect, a mega structure located in Block 2714A with a prospective resource potential of 3.7 billion barrels, it has continued to evaluate a number of other plays across its Northern and Southern license areas. So far, seismic data analysis across blocks 1811 A&B in the northern license areas has identified additional Late Cretaceous/Palaeogene fan systems exhibiting anomalies consistent with hydrocarbon-filled sands. Additionally, this work has further de-risked the Tapir and Tapir N prospects with the chance of success increasing from 14 to 23%. The company will now perform similar work in its Southern licenses.

continue reading the full article

SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
RELATED COMPANIES