Namibia - Operations

Chariot was one of the first oil and gas explorers to secure its licence areas offshore Namibia. As a result of this early entrance, Chariot holds a significant acreage position totalling c.16,800km² and its licence is located within the Luderitz Basin.

  • Two blocks located in region with giant potential
  • Fast follower positioning in Luderitz Basin
  • Huge data set from extensive seismic and drilling programmes completed to date: Prospect B, Central Blocks “drill-ready”, subject to acquiring partners
  • No remaining commitments in this phase of exploration
  • An underexplored frontier province with notable industry interest (with a number of wells slated for the next year) – priority prospect B gross mean prospective resources of 469mmbbls*

Whilst Chariot has broadened its Atlantic margin footprint, Namibia was the starting point for the Company’s exploration strategy being a frontier region for exploration with evidence of a working petroleum system. As a frontier province, Chariot entered Namibia as a play opener and, having acquired, processed and interpreted 8,000km2 of 3D seismic and drilled two deepwater exploration wells, it has secured one of the largest databases of seismic and well data across the region. Industry activity in recent years has provided new and encouraging information on the prospectivity of these basins. Previous drilling in the 1990s was focused on targets on the shelf across the region, but the more recent drilling activity took place in the deep water, proving two principal source rocks in the Aptian and the Cenomanian-Turonian. These wells not only confirmed the presence of excellent quality thick, oil prone mature source rock and recovered light oil, but also encountered good quality turbidite reservoirs. This means that, in addition to the proven Kudu play, all elements required for a material oil accumulation have been demonstrated and are present offshore Namibia.

*NSAI estimate of Gross Mean Prospective Resources

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