Chariot Oil & Gas announce commencement of 3D seismic acquisition offshore Morocco
Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, is pleased to announce that, in conjunction with its partner, ONHYM (25%), it has commenced a 1,700km2 3D seismic survey across its areas of interest offshore Morocco.
As detailed on 18 March, the Company has contracted Dolphin Geophysical AS to carry out the 3D seismic programme across all three of its Moroccan licence areas using the Sanco Swift vessel. This will encompass ~1,075km2 in Rabat Deep, ~250km2 in Loukos Offshore and ~375km2 in Mohammedia. The aim of the survey is to enable the Company to mature drillable prospects in the Mio-Pliocene and Jurassic plays identified within this region on reprocessed legacy 2D data.
The programme is anticipated to take six weeks to complete and fulfils all of the Company’s work commitments in each of its Moroccan licences during their current periods of exploration, including that of the Mohammedia Reconnaissance Licence.