Chariot Restricted discovers a gasoline reserve with excessive potential in Morocco

Chariot Restricted, an vitality transition firm targeted on Africa, introduced encouraging outcomes from the drilling of the OBA-1 properly, positioned on the “Dartois” prospect. This properly constitutes the second of a two-well drilling marketing campaign carried out on the Loukos Onshore license, within the onshore area of Morocco. Chariot holds a 75% stake on this venture, alongside the Workplace Nationwide des Hydrocarbures et des Mines (ONHYM), which holds the remaining 25%.

The OBA-1 properly was efficiently drilled, reaching a last depth of 901 meters whereas respecting time and funds. The deliberate reservoir targets had been achieved, and detailed analysis of the collected information – together with logs, drill cuttings and gasoline analyzes – led to promising preliminary interpretations.

Key discoveries embody a reservoir interval with a gross thickness of 200 meters, in step with preliminary expectations. Moreover, a 70 meter interval was recognized with excessive resistivity, related to elevated gasoline measurements in drilling muds. This probably suggests the presence of a gasoline layer devoid of water, opening the way in which to fascinating prospects for future exploitation.

Further analyzes are deliberate to arrange a productiveness check of the properly, which is able to higher decide the potential assets of this discovery. The properly will then be developed to permit testing operations and might be used as a manufacturing properly. As soon as these steps are accomplished, the drilling unit will probably be demobilized.

Mr. Wallace additionally highlighted the significance of those outcomes for Chariot’s future exploration actions on the Loukos license. “Our first two wells have confirmed our geological mannequin for reservoir distribution, and the presence of gasoline is promising for our future exploration exercise on the license. I thank our operational groups for his or her safe and environment friendly work, in addition to ONHYM for his or her help and partnership. Our objective for licensing Loukos is to carry any industrial discovery into manufacturing as shortly as attainable. »