Chariot assigned four licenses offshore Brazil

Offshore staff

LONDON – Chariot Oil & Gas Limited (AIM: CHAR) has been awarded 100% interests in four exploration licenses offshore Brazil.

BAR-M292, BAR-M-293, BAR-M-313, and BAR-M-314 are in the Barreirinhas basin, 70 km (43 mi) offshore the northeast coast in water depths from 85-1,700 m (279-5,577 ft). They cover a total of 768 sq km (297 sq mi).

Chariot’s work commitments include acquisition and processing of 3D seismic over each block during the initial five-year term.

The Barreirinhas basin is along the transform margin which is conjugate to the Atlantic offshore basins that have brought discoveries offshore Cote d’Ivoire and Ghana.

The award of the licenses remains subject to the signature of a concession agreement with the Brazilian National Agency of Petroleum, Natural Gas and Biofuel (ANP).


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...