Brazil – Barreirinhas Basin

Chariot owns acreage in the basin and is surrounded by the ‘bog boys’ who have paid a tidy sum for their acreage. There was a farm-in with Azilat that fell through but actually was fortuitous for Chariot in that it performed the 3D seismic cheaply and  maintained its share of the acreage. Had they gone through with the deal then it is likely they would have paid a similar sum and given away acreage to Azilat. A result and Chariot owns 100%. The 3D Seismic capture completed in March 2016.

Helios Chariot - Barreirinhas Basin Brazil

I have not been able to find too much about the basin other than in 2009 Devon Energy discovered gas in an offshore block.

In addition there are several WikiLeaks entries including Emails from Stratfor – a well respected intelligence provider.

By Upstream staff : Extract: Brazilian giant Petrobras, US player Devon Energy and South Korea’s SK Energy have hit gas with the 1DEV14AMAS wildcat well, drilled in Block BM-BAR-3 in the frontier Barreirinhas basin, Brazil’s petroleum regulator ANP said. Volumes were not made public. The well was drilled to 4825 metres by Transocean’s Deep Water Discovery rig in water depths of 2336 metres, a notice on ANP’s website said. It is not yet known if the find is commercial. Devon operates the block with a 45% stake. Petrobras has 25% with SK holding the remainder. The Barreirinhas basin is a little tested frontier region that explorers believe has a lot of potential.

 

Chariot – Brazil 3d Seismic Complete

31 March 2016

 Chariot Oil & Gas Limited

(“Chariot”, the “Company” or the “Group”)

3D Seismic Programme Completed, Brazil

 Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, today announces that it has completed the 3D seismic acquisition survey covering its 100% operated BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 licences in the Barreirinhas basin, offshore Brazil.

 This survey was comprised of approximately 785km² of data and was conducted by Polarcus, targeting a number of leads that had been identified on 2D legacy data. The data will now be processed and then interpreted in-house.

 

Brazil – 3D Seismic Starts for Chariot

Later than anticipated :

Heliso Chariot - Brazil - Seismic 3d Starts

Helios Chariot - Placing August 2014

 

Brazil- Barreirinhas Basin Broadband Survey – November Start

Helios Chariot - Barreirinhas Basin BrazilCGG has received all necessary permits to start acquiring the industry’s first regional broadband seismic survey of the Barreirinhas basin in the Equatorial Margin of northern Brazil in early November.

The MegaBar 3D multi-client survey has received strong industry support and will benefit from the full bandwidth offered by BroadSeis to illuminate the untapped potential of this frontier basin. The 14,500 km2 survey will be acquired by the Oceanic Vega, deploying Sercel Sentinel solid streamers.  The basis is 5okm2 of which half is offshore – and this means that the 3d covers half of the entire offshore basin!

http://www.offshoreenergytoday.com/cgg-ready-for-seismic-survey-of-brazils-barreirinhas-basin/

I wonder if Chariots acreage is in the 3d survey?

Helios Chariot - Brazil Basins

Brazil – Petrobras strike oil

Offshore : http://www.theoilandgasyear.com/news/petrobras-strikes-again-in-carcara/