Chariot Oil & Gas Ltd. (AIM: CHAR), has contracted Fugro-Geoteam AS to acquire 3,500 sq. km (1,351 sq. mi) of 3D seismic data in block C19 offshore Mauritania
Offshore staff
ST. PETER PORT, UK –Chariot Oil & Gas Ltd. (AIM: CHAR), has contracted Fugro-Geoteam AS to acquire 3,500 sq. km (1,351 sq. mi) of 3D seismic data in block C19 offshore Mauritania. Work is scheduled to start in mid-November in water depths from 30 m to 2,000 m (98 ft. to 6,560 ft.).
Block C19 is in the Central Atlantic Margin, offshore Mauritania. The 3D survey will cover the southern portion of the block containing an extension of both Tertiary and Cretaceous age deep marine sandstone plays. These plays are anticipated to be charged by the same prolific mid Cretaceous age source rocks proven in adjacent acreage. The 3D survey is intended to identify both structural and stratigraphic traps with the latter offering potential for large trap sizes.
This 3D seismic survey will fulfill Chariot’s work commitments for the initial three year period within block C19. Once acquired, processed, and interpreted, Chariot expects to mature a number of prospects to test in a subsequent exploration phase.
