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Sunday, June 02, 2013 10:57:35 PM
NEWS RELEASE
SPUD-IN OF THE OFFSHORE WELL ON THE
NAMIBIA'S MUROMBE PROSPECT
Rio de Janeiro, June 2nd, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) through its wholly-owned subsidiary HRT Walvis Petroleum (Proprietary) Ltd. ("HRT Walvis"), announces, on June 1st, 2013, the spud-in of the Murombe-1 (2212/06-1) ("Murombe-1"), the second offshore well in its back-to-back exploratory drilling campaign. This well is targeting the Murombe Prospect, located in Petroleum Exploration License 23 ("PEL-23"), in the Walvis Basin, offshore the Republic of Namibia.
2013-06-02_Namibia_Murombe-1_Spud-in_EN-01
The Murombe-1 well is located 220 km northwest of Walvis Bay in 1,391 m of water depth. This well is just 15 Km east of HRT's first well on PEL-23 (Wingat-1) which drill through two excellent oil producing source rocks from which were recovered liquid hydrocarbon. Murombe-1 will test a 1,000 km2 basin floor fan on a way4-dip closure at its highest structural elevation within a turbidite complex. The main objective of this well is to test the resource potential of Barremian aged turbidite reservoirs that have a well-defined seismic amplitude anomaly on the PSDM 3D data set. A shallower secondary objective, the Santonian aged Baobab confined channel complex with turbidite reservoirs, which is between the two oil producing source rocks, will also be penetrated.
The Boabab reservoir is expected to be encountered at 3,670 m depth below sea level and the Murombe reservoir is expected to be encountered at 5,090 m depth below sea level. Murombe-1 will be drilled to a projected total depth of 5,360 m by the semi-submersible Transocean Marianas (NYSE:RIG). The total time estimated to complete the operations is approximately 72 days.
HRT is the operator of 10 blocks offshore Namibia, which are contained in 4 Petroleum Licenses. GALP Energia (NYSE Euronext Lisbon: GALP), with 14% participating interest, is HRT's partner to drill the first 3 wells of the current exploration campaign.
"HRT is very excited to continue its Namibia exploration campaign with the Murombe well. We hope to benefit from the positive results of the Wingat-1 where source rocks and light oil were discovered. HRT is working hard to bring success to the company, its shareholders and the people of Namibia with our exploration efforts," highlighted Milton Franke, the CEO of HRT.
For further information, please contact HRT`s Investor Relations Department. .
About HRT
HRT Participações holds one of the largest independent oil and gas exploration and production companies in Brazil. The HRT Group comprises eight main subsidiaries: IPEX (Integrated Petroleum Expertise Company Serviços em Petróleo Ltda.), HRT O&G Exploração e Produção de Petróleo Ltda., HRT Netherlands B.V., HRT África Petróleo S.A., HRT América Inc., Air Amazonia Serviços Aéreos Ltda. and HRT Canada Inc.. The Company retains a 55% interest in 21 exploratory blocks in the Solimões Basin. HRT also operates ten exploratory blocks off the Namibian coast: eight blocks in the Orange Sub-basin and two blocks in the Walvis Sub-basin. HRT's team includes PHDs and masters in geochemistry, geophysics, biology and engineering, most of them former employees of Petrobras and ANP (Brazil petroleum agency). HRT is committed to minimizing any possible environmental impacts in the sites where it acts. Our commitment to the local communities is towards health conditions, safety and quality of life. For more information, please visit the Company's website: www.hrt.com.br/ir
HRT Investor Relations
SPUD-IN OF THE OFFSHORE WELL ON THE
NAMIBIA'S MUROMBE PROSPECT
Rio de Janeiro, June 2nd, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) through its wholly-owned subsidiary HRT Walvis Petroleum (Proprietary) Ltd. ("HRT Walvis"), announces, on June 1st, 2013, the spud-in of the Murombe-1 (2212/06-1) ("Murombe-1"), the second offshore well in its back-to-back exploratory drilling campaign. This well is targeting the Murombe Prospect, located in Petroleum Exploration License 23 ("PEL-23"), in the Walvis Basin, offshore the Republic of Namibia.
2013-06-02_Namibia_Murombe-1_Spud-in_EN-01
The Murombe-1 well is located 220 km northwest of Walvis Bay in 1,391 m of water depth. This well is just 15 Km east of HRT's first well on PEL-23 (Wingat-1) which drill through two excellent oil producing source rocks from which were recovered liquid hydrocarbon. Murombe-1 will test a 1,000 km2 basin floor fan on a way4-dip closure at its highest structural elevation within a turbidite complex. The main objective of this well is to test the resource potential of Barremian aged turbidite reservoirs that have a well-defined seismic amplitude anomaly on the PSDM 3D data set. A shallower secondary objective, the Santonian aged Baobab confined channel complex with turbidite reservoirs, which is between the two oil producing source rocks, will also be penetrated.
The Boabab reservoir is expected to be encountered at 3,670 m depth below sea level and the Murombe reservoir is expected to be encountered at 5,090 m depth below sea level. Murombe-1 will be drilled to a projected total depth of 5,360 m by the semi-submersible Transocean Marianas (NYSE:RIG). The total time estimated to complete the operations is approximately 72 days.
HRT is the operator of 10 blocks offshore Namibia, which are contained in 4 Petroleum Licenses. GALP Energia (NYSE Euronext Lisbon: GALP), with 14% participating interest, is HRT's partner to drill the first 3 wells of the current exploration campaign.
"HRT is very excited to continue its Namibia exploration campaign with the Murombe well. We hope to benefit from the positive results of the Wingat-1 where source rocks and light oil were discovered. HRT is working hard to bring success to the company, its shareholders and the people of Namibia with our exploration efforts," highlighted Milton Franke, the CEO of HRT.
For further information, please contact HRT`s Investor Relations Department. .
About HRT
HRT Participações holds one of the largest independent oil and gas exploration and production companies in Brazil. The HRT Group comprises eight main subsidiaries: IPEX (Integrated Petroleum Expertise Company Serviços em Petróleo Ltda.), HRT O&G Exploração e Produção de Petróleo Ltda., HRT Netherlands B.V., HRT África Petróleo S.A., HRT América Inc., Air Amazonia Serviços Aéreos Ltda. and HRT Canada Inc.. The Company retains a 55% interest in 21 exploratory blocks in the Solimões Basin. HRT also operates ten exploratory blocks off the Namibian coast: eight blocks in the Orange Sub-basin and two blocks in the Walvis Sub-basin. HRT's team includes PHDs and masters in geochemistry, geophysics, biology and engineering, most of them former employees of Petrobras and ANP (Brazil petroleum agency). HRT is committed to minimizing any possible environmental impacts in the sites where it acts. Our commitment to the local communities is towards health conditions, safety and quality of life. For more information, please visit the Company's website: www.hrt.com.br/ir
HRT Investor Relations
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