In February 2016, the company and partners AziNam, NAMCOR, and Ignitus completed acquisition of a 2,600-sq km (1,004-sq mi) 3D seismic survey.
This targeted leads identified in the northwestern area of the two Central blocks following a 2D survey the previous year.
The 3D data was processed with 3,500 sq km (1,351 sq mi) of legacy 3D seismic, with both depth migration and inversion products calibrated using results from the nearbyWingat-1 and Murombe-1 wells.
Chariot has identified five new dip-closed structural prospects in Upper Cretaceous deepwater turbidite reservoirs (as penetrated in Murombe-1). Hydrocarbon charge appears to come from the proven Aptian marine source rocks identified in both that well and Wingat-1.
Netherland Sewell and Associates (NSAI) estimates resources for each prospect in the range of 283-459 MMbbl. Each of the prospects has two or more targets, and NSAI assesses the Probability of Geologic Success at up to 29%.
On behalf of the partners, Chariot has begun preparations for drilling during the second half of 2018 by conducting an environmental impact assessment over these prospects.
In addition, it is looking for a suitable drilling rig, long-lead items such as wellheads and tubulars, auxiliary services and a logistic base for well services, supplies, helicopters, and medivac.
The company’s in-house team will manage the initial scope of work, supported by Robert Mwanachilenga, country manager and senior staff drilling engineer. He worked on Chariot’s deepwater Tapir South-1 well in 2012.
Namibia’s government has also granted a one-year license extension to Chariot and its partners in the PEL 71 license in the South of Walvis offshore basin.