AziLat Ltd., secures acreage position offshore Brazil (Scandinavian Oil-Gas Magazine)

AziLat Ltd., secures acreage position offshore Brazil

Published Aug 21, 2014

AziLat Ltd. has signed a farm-in agreement (the farm-in) with Chariot Brasil Petróleo e Gás Ltda., a wholly owned subsidiary of Chariot Oil & Gas Limited (Chariot) to blocks BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 (the blocks), 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 Exploração de Petróleo e Gás Ltda. (AziBras), will pay 50% of the 3D seismic acquisition programme and related processing costs incurred across the blocks in exchange for a 25% working interest.

Tags: AziLat Ltd., Chariot Oil & Gas Limited

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