Project Profile
Value: unknown
Location: North-eastern coast of Brazil in the Barreirinhas Basin, approx. 70km offshore
Area: 768 sq km
Reserves:Unknown
Production:
Depth: 85m to 1,700m
Start-up Year: 2017
The BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 blocks, which span a combined area of 768 sq km, are located in the Barreirinhas Basin, approx. 70km offshore, and lie in water depths ranging from 85m to 1,700m. The Barreirinhas Basin lies on the north-eastern coast of Brazil, along the transform margin and is conjugate to basins in Côte d\'Ivoire and Ghana, where major oil and gas fields have been discovered in recent years. From existing 2D seismic datasets the operator Chariot, has identified on-block evidence of sufficient burial of the Cenomanian-Turonian source rock for hydrocarbon generation, supported by potential seismic direct hydrocarbon indicators. Further to this, a large roll-over structure has been identified with deepwater turbidite seismic facies and fan entry points. Chariot is the operator of the blocks with 75% interest with Azilat obtaining a 25% interest in August 2014.
In order to assess this potential, Chariot is in the process of tendering for a 3D seismic survey of approximately 1000km2 across its four offshore blocks which it expects to carry out in H1 2015. An additional seismic partnering process has been initiated on this acreage to further mitigate risk and financial exposure. Subject to additional partnering, drilling could take place in H2 2016 or 2017.
Operators:
Chariot: 75% interest
AziLat: 25% interest (farm out on May 2015)
Contractors:
Subcontractors: