Polarcus Shoots Seismic for Chariot Off Morocco

Chariot Oil & Gas has started 3D seismic acquisition over Kenitra exploration permit (Kenitra) and Mohammedia exploration permits I-III (Mohammedia) offshore Morocco.

The survey follows the award of a 75% interest and operatorship of Kenitra, in partnership with the Office National des Hydrocarbures et des Mines (ONHYM) which holds a 25% carried interest.

The survey, being conducted by Polarcus, will enable the company to develop the portfolio of drillable prospects and potentially identify additional material prospectivity. This seismic campaign will fulfil the work commitment for the current licence phase on both licences, Chariot said.

Kenitra, with an area approximately 1,400 km2 and in water depths ranging from 200 m to 1,500 m, was formerly part of the Rabat Deep offshore exploration permits I-VI (Rabat Deep), in which Chariot now has a 10% interest and a capped carry on the RD-1 well which is anticipated to be drilled in early 2018.

Larry Bottomley, CEO of Chariot said: “In line with our strategy we continue to manage our portfolio proactively. This award allows us to capture the extension of the Lower Cretaceous play which spreads from Mohammedia into the Kenitra acreage. With our focus on de-risking our assets, Chariot will develop the drilling inventory on these permits through seismic acquisition which capitalizes on the current excellent seismic contract rates.”

Share this article

Follow Subsea World News

Events>

<< Sep 2017 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

SUBSEA POWER CABLES

2-day seminar covering best practice and emerging technologies for cost-efficient subsea cable projects from conception to installation…

read more >

EEMUA subsea engineering course: materials selection and corrosion control

This two and a half day training course is recommended for both discipline and project focused engineers from a variety of backgrounds…

read more >

FUTURE OIL & GAS

Join senior executives from oil and gas majors, service companies, technology suppliers and industry experts at this year’s premier event…

read more >

Kuwait Oil & Gas Show

Kuwait Oil & Gas Show is the Kuwait International Fair Ground in Kuwait City, Kuwait. This event showcases product from Chemicals & Dyes, Electronics & Electrical Goods, Hand, Machine & Garden Tools, Petroleum, Oil & Gas, Power & Renewable Energy industries. More info

read more >