Chariot Oil Reports Drilling Commencement On Rabat Deep Permits

LONDON (Alliance News) - Atlantic margins-focused oil and gas company Chariot Oil & Gas Ltd ...

Alliance News 14 March, 2018 | 1:30PM
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LONDON (Alliance News) - Atlantic margins-focused oil and gas company Chariot Oil & Gas Ltd said on Wednesday that its ultra-deepwater drillship, the Saipem 12000, has started drilling on the Rabat Deep Permits in Morocco.

Operations are expected to take around 50 days to complete.

Chariot holds a 10% interest in Rabat, through its subsidiary Chariot Oil & Gas Investments (Morocco) Ltd.

Shares in Chariot Oil & Gas were down 1.2% at 13.73 pence on Wednesday.

By Dayo Laniyan; dayolaniyan@alliancenews.com

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Chariot Oil & Gas Ltd 2.40 GBX 1.27 -
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