Chariot has kicked off oil exploration works in Morocco. The London-listed firm commenced works with drilling the OBA-1 well on the Dartois prospect within the Loukos licence, located onshore Morocco.
The Dartois prospect is estimated to contain 12 billion cubic feet (bn ft³) of recoverable prospective natural gas resources. This drilling targets a different trapping style compared to the previously drilled Gaufrette prospect by the RZK-1 well. Chariot has highlighted that a successful drilling at Dartois could potentially lead to the development of additional prospects with a combined best estimate of 20 bn ft³ of recoverable resources.
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Oil potential
Duncan Wallace, Chariot’s technical director, expressed optimism about the drilling campaign, noting the quick transition to the OBA-1 well following the operations at Gaufrette. He emphasized that Dartois is located in a different reservoir fairway and along a trend from an existing gas discovery, indicating potential for further successful developments.
Chariot secured the Loukos licence in August of the previous year, covering approximately 1,371 km². The Loukos licence is adjacent to Chariot’s Lixus and Rissana offshore licences, where the Anchois gas discovery and development project is situated. Chariot holds a 75% interest in the Loukos project and operates it, while the Moroccan state-owned ONHYM holds a 25% stake.