past petrobras farmins

Just thought I'd start a thread that looks at past Petrobras farmins with other companies.
Please add any others you can find as it might give us some clue as to values etc.

One I found was Chariot Oil & Gas (AIM:CHAR) which has blocks offshore/onshore in Namibia.

Petrobras farmed into one of their block in May last year.
By reading some old filings, Chariot has not progressed their block as far as MEO has done (ie 3D seismics) as they are just undertaking the final 3D's now..well after PBR farmed in.
Here's some info, with figures on that farmin by PBR:

http://www.stockopedia.co.uk/news/announcement/CHAR/090519char000460.htm?title=Chariot%20Oil%20&%20Gas%20Ld%20Farm-out%20Agreement%20with%20Petrobras&date=1242691200

Chariot Oil & Gas Ld
19 May 2009


AIM: CHAR
Chariot Oil & Gas Limited
('Chariot', the 'Company' or the 'Group')


Farm-out Agreement Signed with Petrobras


Chariot, an independent oil and gas exploration group, today announces that its
wholly-owned subsidiary, Enigma Oil & Gas Exploration (Pty) Limited ('Enigma'),
has signed a farm-out agreement with Petrobras Oil and Gas BV, a wholly-owned
subsidiary of Petroleo Brasileiro S.A. ('Petrobras'), in respect of a 50%
interest in one of Chariot's exploration blocks, 2714A, offshore southern
Namibia.


A key element of Chariot's strategy is to pursue farm-out agreements to mitigate
risk and expedite exploration and potential development of its assets. This
agreement provides Chariot with a strong partner with whom to progress the
exploration in this area and strengthens Chariot's existing cash resources.


Under the terms of the farm-out agreement, in return for a 50% interest in block
2714A Chariot will receive from Petrobras:


* a cash payment of US$16.04m, comprised of a cash consideration, and
reimbursement of past costs including the recently acquired 3D seismic programme
in block 2714A; plus
* in the event of a commercial discovery, payment of a production bonus equal to
4.75% (after royalties) of Petrobras' share of production up to either 2 million
barrels of oil equivalent or a value of US$118m, whichever occurs first.



Petrobras has also agreed to, and will pay its 50% share of, a further 1,500km�
of 3D seismic acquisition that is expected to be undertaken on block 2714A later
this year.


This agreement remains subject to the full approval of the Ministry of Mines and
Energy in Namibia. The farm-out agreement includes standard representations and
warranties given by both parties and sets out principles for a joint operating
agreement that is to be executed within 6 months. Petrobras has also agreed not
to acquire any shares or interests in shares in Chariot for a three year period,
without Chariot's consent.


Block 2714A is one of Chariot's eight exploration blocks located offshore
Namibia and covers an area of 5,481km� in the southern Orange basin. Chariot has
recently undertaken a 3D seismic programme, acquiring 1,500km� across
block 2714A and the neighbouring block 2714B. Reprocessing and interpretation of
this data is underway and, as noted above, a further seismic programme is now
planned later this year on block 2714A.


Following the completion of the acquisition of further seismic and its
subsequent processing and interpretation, Petrobras can elect to enter the first
renewal period (the initial exploration period ends on 31st August 2010) which
includes an exploration programme commitment to drill a well.


Enigma will remain as operator of the block until the end of the initial
exploration period with Petrobras having the option of becoming the operator
thereafter. If Petrobras chooses not to enter the first renewal period, Enigma
has the option to reclaim its interest in the block.


Commenting on the agreement, Kevin Broger, CEO of Chariot said:


"Our exploration work to date has always indicated the potential of offshore
Namibia and today's agreement is a significant endorsement of our findings. We
are delighted to be in partnership with Petrobras on this concession and look
forward to working alongside them in order to prove the value of this block."


"Petrobras has a wealth of experience and marked success in deep water
exploration - notably in the counterpart margin offshore Brazil where they have
announced giant oil discoveries. This agreement also dovetails with their
stated strategy of searching in deep and ultra deep water opportunities offshore
West Africa where they already have a significant presence in Angola."


"Chariot's strengthened cash position enhances its ability to look at potential
value-add opportunities, of which the introduction of production into the
portfolio is a key priority. We are in a strong position to further deliver
shareholder value from the exciting prospects in our portfolio, an experienced
and highly renowned partner in Petrobras and cash in hand with which to expand
our portfolio."