PGS Begins Seismic Shoot for Chariot Off Namibia

Chariot Oil & Gas, in conjunction with its partners AziNam (20%), NAMCOR (10%) and Ignitus (5%), has started a 3D seismic acquisition of approximately 2,600 square km in Blocks 2312 & 2412A (Central Blocks) offshore Namibia.

The survey is being conducted by PGS Exploration (UK) Limited and will fulfil the work commitment for the Central Blocks.

Following the analysis of the 2D survey of approximately 1,700 line km, acquired on the north western flank of the licence in 2015, Chariot has identified several additional leads within the Upper Cretaceous deep water clastic turbidite system.

The 3D survey will enable Chariot and its partners to mature these new leads and further develop its inventory in this region, which it believes to contain giant prospectivity, the company said in a press release.

The survey is expected to take approximately 40 days.