London Stock Exchange-listed energy company, Chariot, announced on Monday that it had spudded its new OBA-1 well on the Dartois prospect as part of its Loukos Onshore license in the north of Morocco near Larache.
The company holds a 75% operating interest in the project, with Morocco’s Office of Hydrocarbons and Mining (ONHYM) holding the remaining 25%.
Chariot said that the Dartois prospect is estimated to have 12 billion cubic feet of recoverable prospective resources of natural gas. This independent prospect will use a different recovery method than its Gaufrette prospect, drilled by the RZK-1 well.
Having received approval from ONHYM earlier this month for its environmental impact assessment, success at the OBA-1 well could potentially unlock a host of prospects with a combined 20 billion cubic feet of recoverable natural gas, according to the company. The energy group will announce the results upon drilling completion.
“We are pleased to be underway with our second well in this drilling campaign, having spudded the OBA-1 well within short order of completing operations at Gaufrette,” Chariot Technical Director Duncan Wallace said. “We are now testing an independent prospect at Dartois, which is in a different reservoir and along a trend from an existing gas discovery, and we look forward to providing an update on the results in due course.”
Chariot is an Africa-focused transitional energy group with three business streams, Transitional Gas, Transitional Power and Green Hydrogen.