Ocean Rig Drillship to Drill for Chariot Offshore Namibia

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Chariot Oil & Gas Limited, the Africa focused independent oil and gas exploration company, has, together with its partner Enigma Oil & Gas (Pty) Limited, reached an agreement with Ocean Rig UDW Inc. to use the Ocean Rig Poseidon drillship for drilling of the Kabeljou (2714/6-1) well on the Nimrod prospect, offshore Namibia.

The drillship is expected to arrive on location in July 2012, after its current contract expires. The drilling operations will commence shortly after the arrival.

The Nimrod prospect is located in the Orange Basin in Southern Block 2714A where Chariot has a 25% equity interest. The Kabeljou well is expected to take approximately 2 months to drill. The drilling location is 77 km offshore Namibia in 360 metres of water with an estimated total drilling depth of 3,100 metres true vertical depth subsea (“TVDss”).

This is the second well to be drilled in Chariot’s 4 to 5 exploration well programme offshore Namibia.

Paul Welch, CEO of Chariot, commented:

“We are very pleased to be advancing with our drilling programme and eagerly anticipate the spud of the Kabeljou well with our partners. Nimrod is one of the biggest prospects due to be drilled worldwide this year and we look forward to being able to update the market with further news on this hugely significant well in due course.”

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Posted on May 21, 2012, in Africa, Drilling, Drillship, MARINE VESSELS, Namibia, Oil & Gas - offshore, South Africa and tagged , , , , , , , , , , , . Bookmark the permalink. Comments Off on Ocean Rig Drillship to Drill for Chariot Offshore Namibia.

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