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Chariot to Update Processed Seismic Data Off Namibia

Source: www.gulfoilandgas.com 7/6/2010, Location: Africa

Chariot Oil & Gas Limited, the Africa focused oil and gas exploration company, announces that it has received the processed 3D seismic information in both time and depth for the Northern and Southern blocks following the extensive acquisition programmes that were completed across these licences offshore Namibia.

As previously noted, the 3D seismic programmes were part of the largest exploration programme undertaken offshore Namibia to date, totalling 4,500km/sq and the breakdown across each block is summarised below:

- 1811 A & B (Northern Blocks) – 1,500km/sq
- 2714 A & B (Southern Blocks) – 3,000km/sq
Having received this information, which is now available for review in Chariot’s dataroom in London, the Company will commence mapping and interpretation of the data across each block of interest in order to further define targets for drilling.

Paul Welch, CEO commented, “This is a significant step forward for us in our exploration efforts. The quality of the data set is excellent, and has exceeded our expectations. This data will allow us to more accurately determine the volumes in all our prospects while significantly enhancing the potential for a successful drilling campaign - the next step in our exploration programme. We look forward to showing this to prospective partners when they visit us over the coming weeks.”

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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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