Chariot Oil & Gas secures bids for exploration licenses in offshore Brazil

AIM-listed Chariot Oil & Gas has reported that the company has, subject to final contract, been successful in its bids for a 100 per cent interest and operatorship in four shallow-water exploration licences in the Barreirinhas basin of offshore Brazil.

AIM-listed Chariot Oil & Gas has reported that the company has, subject to final contract, been successful in its bids for a 100 per cent interest and operatorship in four shallow-water exploration licences in the Barreirinhas basin of offshore Brazil.

The acreage position of the combined licences, which are technically known as BAR-M292, BAR-M-293, BAR-M-313 and BAR-M-314, totalled 768 square kilometres and the blocks are located 70km offshore in water depths ranging from 25 metres to 1,700 metres.

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