HRT targets Moosehead-1

August 7, 2013

HRT Participações em Petróleo has started drilling the Moosehead-1 exploration well offshore Namibia.

The well (2713/16-1) is its the third offshore well in HRT's current exploration campaign.

It is targeting the Moosehead prospect, in PEL 24, in 1727m water, in the Orange Basin, 197 km southwest of Lüderitz, Namibia, and 100 km northwest of the Kudu gas accumulation.

Moosehead-1 will test a Cretaceous-age, 546 sq km four-way dip closure, mapped on a 3D PSDM seismic data set.

The main objective of this well is to test the oil potential of Barremian-aged carbonate reservoirs, expected to be equivalent to the Brazil and Angola "pre-salt" reservoirs, says HRT.

It is being drilled using the Transocean Marianas semisubmersible rig and is expected to take about 53 days.

HRT is the operator, with partner GALP Energia holding 14% interest. 



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