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


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...