What now?
MATERIAL FACT
RESULTS OF MUROMBE - OFFSHORE NAMIBIA
Rio de Janeiro, July 19, 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 that the Murombe-1 (2212/06-1) (“Murombe-1”), the second offshore well in our exploratory drilling campaign has been concluded and is a dry hole. This well was targeting the Murombe Prospect, located in Petroleum Exploration License 23 (“PEL 23”), in the Walvis Basin, offshore Republic of Namibia.
The main objective of the well was to test the resource potential of the Murombe (Barremian Age) basin floor fan turbidites that demonstrate a well-defined amplitude anomaly on 3D seismic PSDM. The drilling plan was to penetrate the top Murombe reservoir and reach total depth (TD) below the reservoir at 5,658 meters, run the wireline logs, conduct sidewall core sampling, acquire fluid samples and abandon the well. A secondary target, the Baobab (Santonian Age) confined channel complex, would also be penetrated..
The Murombe-1 well penetrated the Baobab objective and it contained 36 meters net sand within a 242 meter interval (15% N/G). The average porosity was 19% and the sands were water wet.
The well-developed marine source seen in the Wingat-1 well located 15 kilometers east of Murombe-1 was also present above the deeper Murombe turbidite prospect. Ongoing sample analysis will determine the quality of this source interval.
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?The Murombe objective was penetrated and petrophysical evaluation of wireline logs indicates that interval consists of non-reservoir facies with low porosity. The well reached at Total Depth of 5,729 meters. The wireline evaluation program included a quad combo tool and rotary sidewall cores.
The Murombe-1 will be completed, considering wireline logging and P&A activities, in a total of 62 days, by the semi-submersible Transocean Marianas (NYSE:RIG).
The Transocean Marianas will move 635 kilometers south to PEL 24 to drill the Moosehead Prospect in the northern Orange Basin after concluding P&A activities at the Murombe-1 location. The Moosehead-1 well will target Barremian carbonates and drill to a total depth of 4,100 meters.
“This well proved that we are still on our learning curve in Namibian basins exploration. Our model was that the Baobab objective would be charged by the Aptian source rocks discovered at Wingat-1 and this did not occur. The Murombe-1 result further proved presence of Aptian source rocks, in the oil window, and poor reservoirs in the Murombe main target. We will now proceed to the Orange Basin to drill our third exploration location – the Moosehead-1 Prospect – in PEL 24,” highlighted Milton Romeu Franke, the CEO of HRT.
HRT is the operator of 10 blocks offshore Namibia, contained in four 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.
For further information, please contact HRT`s Investor Relations Department.
