Chariot Oil & Gas has announced that the Prospect S well on PEL 71 in the Walvis Basin did not encounter hydrocarbons. Chariot said the well was drilled to a total measured depth of 4,165 metres to test the stacked targets in Prospect S. The well penetrated the anticipated turbidite reservoir sands, in line with the pre-drill prognosis, but the reservoirs were water-bearing.
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