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Chariot Reports Disappointing Results from Kabeljou Well

Source: www.gulfoilandgas.com 9/10/2012, Location: Africa

Chariot Oil & Gas Limited, the Africa focused oil and gas exploration company, confirms that the Kabeljou (2714/6-1) exploration well in Southern Block 2714A in the Orange basin offshore Namibia has reached a total depth of 3,150 metres TVDss and logging operations were conducted over the weekend. The well was drilled by the Ocean Rig Poseidon drill ship.

Preliminary logging results indicate that no commercial hydrocarbons were found and the well will be plugged and abandoned. All pre-drill reservoir targets were evaluated. The well intersected the Nimrod delta as planned, although the reservoir was less developed than anticipated at this location. A comprehensive evaluation programme was conducted to further understand the stratigraphy, lithology and the nature of the formation fluids in this remote area. Detailed analyses will now be undertaken on the data collected and this information will be used to calibrate the existing data set. A resource update of the remaining prospectivity in the block will be provided once this evaluation has been completed.

Paul Welch, CEO of Chariot, commented:
“Whilst the results from Kabeljou are disappointing, the fact that we encountered source rock within this well is important. The Nimrod prospect was our largest target in the south but there are still other areas of interest in this licence and these well results may provide us with the ability to identify additional prospectivity in other horizons. Information of this detail is invaluable when working in frontier environments so this well will have a significant impact on our future exploration programme.

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Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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