Chariot Oil & Gas says drilling starts on Rabat Permits

Atlantic focused explorer Chariot Oil & Gas said on Wednesday that it had started drilling on the Rabat Deep Permits in Morocco.

The AIM-listed company said Saipem 12000, a sixth generation ultra-deepwater drillship, had started operations that should take about 50 days.

The Rabat permits are operated by Eni Maroc, which also holds a 40% stake. Woodside Energy (Morocco) holds 25%, ONHYM 25% and Chariot 10%.

Chariot also holds licences covering two blocks in Namibia, three blocks in Morocco and four blocks in the Barreirinhas Basin offshore Brazil. All of these blocks are currently in the exploration phase, the company said in a statement.