Operations Overview / Brazil

Brazil

High Impact Exploration: Fast Follower positioning on the conjugate margin of Côte d’Ivoire

Drill ready:
No remaining commitments

>1.4 Bnbbls
of prospective resource

100%
Equity position

Brazil

Overview

The Barreirinhas Basin, Brazil, sits on the conjugate margin of Côte d’Ivoire and Ghana, with successful drilling campaigns in recent years indicating an analogue for significant hydrocarbon generation. Whilst relatively underexplored, the shallow water wells in the basin have encountered excellent quality, oil-prone source rocks modelled to be oil mature in the fetch area for Chariot’s targets and excellent quality Tertiary and Upper Cretaceous turbidite reservoir rocks have been encountered in nearby deepwater drilling with good porosity and permeability.

  • Four shallow water blocks adjacent to major explorers – including Shell, PTTEP, Petrobras
  • Fast Follower Positioning secured with low cost seismic option and signature bonus
  • Conjugate basin to Ghana and Côte d’Ivoire
  • All petroleum play elements proven by nearby drilling
  • Drill ready, Priority Prospect 1 gross mean prospective resource of 911mmbbls
  • Partnering Process underway

Click image to enlarge

Prospectivity

  • Identified large structural prospect with multiple stacked targets from proprietary 3D seismic
  • 7 stacked reservoir targets including drape over a 200km2 4-way dip-closed structure, with individual prospective resource ranging up to 366mmbbls
  • Single well in Prospect 1 can penetrate 911mmbbls of prospective resource in TP-1, TP-3 and KP-3 targets

Contract Area

Licence
interest

Ongoing commitments

Seismic Database

Priority Prospects

Approximate licence area (km2)

BAR-M-
292,
293,
313,
314
Chariot 100% (operator) None: Drill Ready 775km2 3D Prospect 1 768