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.


Brazil – Petrobras strike oil

Offshore :