Project Profile
Value: US$150 million
Start-up Year: 2018
Water Depth: 1,500m
Location: Block 2714A
Area: 5,482km²
The block covers an area of approximately 5,500 sq km in water depths ranging from 150 to 1,500 metres. The Nimrod prospect has been identified as a mega structure, with a gross mean unrisked prospective resource volume of 4.6bbbls. Chariot\'s wholly owned subsidiary, Enigma (Operator, 85%), NAMCOR (10%) and Quiver Oil & Gas (5%), the same partner group as for Block 2714B.
Operators:
Enigma Oil & Gas Exploration (Pty) Limited (Chariot Oil): Operator with 85% interest
NAMCOR: 10% interest
Quiver Oil & Gas: 5% interest
Contractor:
AP Moller Maersk (Namibia): Drilling contract
Ocean Rig: Drilling contract