HRT spuds Namibian prospect

March 26, 2013

Namibia map (image: HRT)HRT's wholly-owned subsidiary HRT Walvis Petroleum Ltd., spud the Wingat-1 (2212A/07) exploration well offshore the Republic of Namibia. The well is the first in HRT's back-to-back exploratory program in the Walvis Basin, the company announced on 25 March 2013.

The Wingat-1 well, which targets the Wingat Prospect inside Petroleum Exploration License 23, is located approximately 200km northwest of Walvis Bay at a water depth of 1,034m.

HRT plans to test an elongated combination trap with a potential P10 area of 381 km2 of which there is a 4-way-structural closure of 42 km2. Wingat-1's main objective is to test the resource potential of the Albian-aged carbonate platform that has a well-defined seismic amplitude anomaly in the PSDM-3D data set, the company said. HRT expects to find the reservoirs 3,950m below sea level.

"We are really confident in the start-up of the exploratory drilling campaign offshore Namibia. This moment is a milestone in the history of our Company, not only due to our entrance in the African continent, but also because of the potential of our current exploratory drilling campaign," said Marcio Rocha Mello, CEO of HRT.

The semisubmersible Transocean Marianas will drill the Wingat-1 well to a total depth of 4,100m. Operations are expected to last 60 days. 



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