Chariot Oil & Gas announces that 3D seismic acquisition programme in Central Blocks has commenced in conjunction with Petroleum Geo-Services (“PGS”)
p>Chariot Oil & Gas announces that 3D seismic acquisition programme in Central Blocks has commenced in conjunction with Petroleum Geo-Services (“PGS”)
The programme will cover 3,500km² using the latest Geostreamer technology and is expected to take approximately 90 days.
The Central Blocks – Licence 19, blocks 2312 A & B and Northern halves of 2412 A & B - are located within the Luderitz and Walvis Basins and cover an area of 16,801km². Following reprocessing and reinterpretation of the existing 2D seismic data, Chariot and PGS have agreed to focus the 3D seismic acquisition programme in the northeastern area of the blocks. The attraction of this part of the acreage is the recognition of multiple target levels and numerous leads including analogues to the “Nimrod” feature in Chariot’s Southern acreage with potentially two active oil prone source intervals.
Overall, these elements increase the likelihood of maturing multiple drilling targets within the 3D acquisition area. To capture as many of the high-graded leads as possible the survey has been extended to cover 3,500km² from the originally planned 2,500km². An additional benefit is that the new 3D seismic area covers water depths ranging from 750-1,750m (significantly shallower than the depths in the originally proposed acquisition area) which will potentially result in a considerable reduction in expected well costs.
