Chariot Oil & Gas Limited, the Atlantic margins targeted oil and gasoline exploration firm, has secured the Ocean Rig Poseidon, a sixth technology deepwater drillship to drill one agency and one non-compulsory nicely. Chariot, the operator of the Central Blocks licence offshore Namibia (Chariot 65%, AziNam 20%, NAMCOR 10% and Ignitus 5%) at the moment anticipates that the drillship will arrive on location in This fall 2018 and that the drilling of Prospect S will begin shortly thereafter. Prospect S, independently estimated as a gross imply potential useful resource of 459mmbbls and a chance of geologic success of 29% by Netherland Sewell Associated Inc., is considered one of 5 dip-closed structural traps, totalling 1,758mmbbls gross imply potential sources, which were recognized within the Upper Cretaceous turbidite clastic play fairway. An extra two increased risk-reward stratigraphic traps, totalling 885mmbbls gross imply potential sources, could possibly be de-risked by way of the calibration of the 6,100 km2 of proprietary 3D seismic knowledge on the Central Blocks with the results of the Prospect S nicely. Larry Bottomley, CEO, commented: “We are happy to have secured the excessive efficiency Ocean Rig Poseidon drillship for the Prospect S nicely in Namibia. Operational plans at the moment are nicely superior for the primary deepwater drilling in our Central Blocks licence in This fall 2018. We are persevering with to take each benefit of the present historic low value drilling atmosphere in addition to maximizing any additional value synergies by cooperating with different drilling operations in Namibia. Our farm-out discussions are ongoing, strengthened by this nicely having already been totally funded, and we look ahead to introducing new companions to share the prices and in addition the numerous rewards of a discovery on Prospect S, and to speed up the non-compulsory drilling on the transformational observe on potential.” (Source: Chariot – Ocean Rig Poseidon in Saldanha Bay, South Africa in 2013)

The publish NAMIBIA: CHARIOT OIL SECURES OCEAN RIG POSEIDON appeared first on Energy Global News.

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