Chariot Oil & Gas is covered for its near-term work commitments but to step ahead it must sign up partners for its various projects.
The Saipem 12000 drillship is on its way to drill the RD-1 well in Morocco.
Chariot Oil & Gas said it has decided not to enter into the first renewal phase of the C-19 licence in Mauritania.
Chariot Oil & Gas said it plans to reduce its headcount by a third as it looks to make cost savings.
Chariot Oil & Gas has signed a farm-out agreement with Eni for the company to acquire a 40% interest in return for a capped carry on drilling the JP-1 prospect.