One-Page Deal Sheet
Chariot to Farm In with AziLat Ltd Offshore Brazil
Chariot Oil and Gas Not Disclosed
Announced Date
August 20,2014
Transaction Type
Farm-In/Farm Out
Asset/Basin:
{"Barreirinhas Basin"}
Location
Region
Latin America
Country
Brazil
Transaction Details: Subscribe to see
AziLat Ltd., the South America focused oil and gas exploration company, has announced that it has signed a farm-in agreement with Chariot Brasil Petróleo e Gás Ltda., a wholly owned subsidiary of Chariot Oil & Gas Limited to blocks BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314, in the Barreirinhas Basin, offshore Brazil.
Under the terms of the farm-in, which is subject to approval of Brazilian authorities, AziLat, through its local subsidiary AziBras Explorao de Petroleo e Gás Ltda., will pay 50% of the 3D seismic acquisition programme and related processing costs incurred across the blocks…
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