Exploration: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

Chariot Commences Drilling on the Tapir South Prospect

Source: www.gulfoilandgas.com 4/5/2012, Location: Africa

Share |

Chariot Oil & Gas Limited is pleased to announce that its wholly owned subsidiary, Enigma Oil & Gas Exploration (Pty) Limited, has commenced drilling the first well, 1811/5-1, of its 4 to 5 well drilling programme offshore Namibia. Drilling operations began this morning on the Tapir South prospect using the Maersk Deliverer semi-submersible drilling rig, with Chariot as Operator.

The prospect has a 25% Chance of Success and a mean un-risked prospective resource potential of 604 million barrels of oil. In the event of success, the results of this well will significantly increase the Chance of Success on certain of the Company’s other prospects within the Tapir Trend.

Tapir South (1811/5-1) will be only the second well ever to be drilled in the Namibe Basin. It is located 80km offshore Namibia in the Company’s northern block 1811A, in which Chariot has a 100% equity interest. The well is being drilled to an estimated total vertical depth subsea of 5,100m and, as announced following the Placing of 20 March 2012, this will now include extended drilling time to ensure that one of the deeper identified targets is drilled and fully evaluated. This deeper target is believed to be a carbonate section, age equivalent to the reservoir in recent sub-salt discoveries in the on-trend Kwanza basin offshore Angola. The drilling and logging operations are expected to take approximately 70 days and a further announcement will be made when the well results are known.

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. 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. The second well to be drilled in the Chariot exploration programme, Kabeljou (2714/6-1), targeting the Nimrod prospect is now likely to spud earlier than previously reported. The Operator has informed Chariot that it now expects to secure a drilling unit in Q3 2012.

Paul Welch, CEO of Chariot, commented:
“We are very pleased to announce the spud of our Tapir South well in the northern licence area which marks that start of a 4-5 well drill programme running through to the end of 2013. The results of this first well will be invaluable to furthering our knowledge and understanding of the Namibe basin. Owing to the additional funding raised last month we can now fully explore the deeper targets within the prospect and we look forward to updating the market with the well results in due course.”

Exploration News in Namibia >>

GeoPark Finds New Light Oil Field Discovery in Colombia
  Colombia >>  8/27/2015 - GeoPark Limited, the Latin American oil and gas explorer, operator and consolidator with operations in Chile, Colombia, Brazil, Argentina and Peru, an...
Lowering Costs & Enhancing Efficiency Program Achieved By CNOOC Limited in H1 of 2015
  China >>  8/26/2015 - CNOOC Limited announced its interim results for the six months ended June 30, 2015. ...

Circle Oil's KSS-A Well on The Sebou Permit Disappoints
Morocco >>  8/26/2015 - Circle Oil plc, the North African focused oil and gas exploration, development and production company, provides the following information on the progr...
Cash-Strapped Liberia State Oil Company to Slash Staff in Revamp
  Liberia >>  8/25/2015 - Cash-strapped National Oil Company of Liberia (NOCAL) will slash its work force by over two-thirds as part of measures aimed at cutting costs amid a f...

Mexico Sweetens Oil Auction Terms Again to Avoid Repeat of Flop
  Mexico >>  8/25/2015 - Oil companies competing in the next phase of Mexico's historic Round One auction will know the minimum level of profits demanded by the government pri...
Erin Energy Enters Next Phase of Onshore Kenya Exploration
  Kenya >>  8/21/2015 - Erin Energy Corporation (Erin Energy) has been given approval by the government of Kenya to enter the First Additional Exploration Period (FAEP) on it...



Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Namibia Oil & Gas 1 >>  2 | 3 |

More News

Oil & Gas Projects in Namibia >>

Oil & Gas Companies in Namibia >>

Related Links

Countries Quick Links

AO BJ CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed