WINDHOEK: Chariot Oil and Gas Country Manager Swapo Ndume says no oil was found at the first well drilled by Enigma Oil and Gas Exploration.

Enigma Oil and Gas Exploration is wholly owned by British-based Chariot Oil and Gas and is well positioned, with blocks for the exploration of oil and gas situated at three locations along the Namibian coast.

The company’s ‘northern blocks’ are situated in the Namibe Basin, its ‘central blocks’ straddle the Lüderitz/Walvis Basins, and its ‘southern blocks’ are situated in the Orange Basin.

Ndume told Nampa on Thursday that no oil was found at the well in block 1811 situated in the Namibe Basin, and said the company has already commenced with drilling on the second well at block 2714 situated near Lüderitz.

The company commenced drilling on the first well (1811) at its drilling programme offshore Namibia in April this year.

In May however, the company discovered that the well was dry as no oil was found.

“We still have three wells to drill,” Ndume said.

The Chariot Oil and Gas Country Manager is positive that oil will be found in the remaining wells.

He said so far, the company has invested US.dollars 200 000 (about N.dollars 1,6 million) in the exploration of oil and gas offshore Namibia.

Earlier this year, the company announced that its northern (block 1811) prospect has a 25 per cent chance of success and a mean un-risked prospective resource potential of 604 million barrels of oil. In the event of success, the results of the well would significantly increase the chance of success on some of the company’s other prospects within the Tapir trend.

Tapir South 1811 is located 80 kilometres offshore Namibia in the company’s northern block 1811A, in which Chariot has a 100 per cent equity interest.

The well was being drilled to an estimated total vertical depth subsea of 5 100 metres.