Maersk Deliverer signed up by Chariot for Namibian well

Offshore_rigChariot Oil and Gas has signed a contract with AP Moller Maersk for a one-well drilling slot using the Maersk Deliverer (UDW semisub) rig offshore Namibia

The independent exploration company has said that it expects to spud its first exploration well in the country in early April, after the anticipated arrival of the rig on location at the end of March.

The Tapir South prospect, which Chariot is targeting, is part of the Tapir trend and is located in Chariot’s Northern Block 1811A, which is 100 per cent owned by the firm.

Chariot CEO Paul Welch said, “We are extremely pleased to have concluded this drilling rig contract with Maersk and to provide an anticipated spud date for our first exploration well offshore Namibia.

“Despite the tight rig market we have secured an excellent drilling rig for the Tapir South prospect with a highly reputable contractor.

“This will be only the second well ever to have been drilled in the Namibe Basin and we look forward to commencing our operations and updating the market with our progress in due course,” he added.

Chariot has said that the prospect has a 25 per cent chance of success and gross un-risked mean prospective resources estimated at 604mn barrels.

Located 80km offshore Namibia, the well will be situated within 2,108 metres of water, and have a drilling depth of approximately 5,100 metres total vertical depth subsea.

The well is expected to take close to two months to drill and will be the first well in Chariot’s four-to-five well exploration programme planned to take place throughout 2012 and 2013.

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