Namibia: Orange basin block potential lifted

Jan. 13, 2011
Technical work on 3D seismic shot on the 2714A block in the Orange basin off southern Namibia has improved the block’s prospectivity, said Chariot Oil & Gas Ltd., Guernsey, UK.

By OGJ editors
HOUSTON, Jan. 13
– Technical work on 3D seismic shot on the 2714A block in the Orange basin off southern Namibia has improved the block’s prospectivity, said Chariot Oil & Gas Ltd., Guernsey, UK.

The new work led to an estimate of a gross unrisked mean prospective resource of 13.2 billion bbl, an increase of 3.1 billion bbl. Chariot owns 50% interest in the block, which lies north of Kudu gas field. This technical work included remapping and seismic attribute analysis.

The increase in prospective resource has been identified in a 500 sq km structural prospect that lies wholly within the 3D seismic area and displays seismic attributes indicative of hydrocarbon charge in what is believed to be a Lower Cretaceous deltaic sandstone reservoir.

Chariot continues to evaluate other plays in the block, particularly deeper Barremian targets, equivalent to the reservoir level at Kudu field.