Chariot begins offshore survey in Morocco

Business & Finance

April 3, 2014

Chariot Oil & Gas Limited , the Atlantic margins focused oil and gas exploration company, has, in conjunction with its partner, ONHYM (25%), it has started a 1,700km2 3D seismic survey across its areas of interest offshore Morocco.

The Company has contracted Dolphin Geophysical AS to carry out the 3D seismic programme across all three of its Moroccan licence areas using the Sanco Swift vessel. This will encompass ~1,075km2 in Rabat Deep, ~250km2 in Loukos Offshore and ~375km2 in Mohammedia.

The aim of the survey is to enable the Company to mature drillable prospects in the Mio-Pliocene and Jurassic plays identified within this region on reprocessed legacy 2D data.

The programme is anticipated to take six weeks to complete and fulfills all of the Company’s work commitments in each of its Moroccan licences during their current periods of exploration, including that of the Mohammedia Reconnaissance Licence.

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Press Release, April 03, 2014