HRT announces the discovery of hydrocarbons in well 1-HRT-8-AM, Block SOL-T-169, in the Solimões Basin

abarrelfullabarrelfull wrote on 01 Aug 2012 07:05
Tags: brazil hrt s-america upstream

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HRT Participações em Petróleo S.A. (the “Company” or “HRT”) (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that its subsidiary HRT O&G Exploração e Produção de Petróleo Ltda. ("HRT O&G") submitted to the National Agency of Petroleum, Natural Gas and Biofuels (Agência Nacional do Petróleo, Gás Natural e Biocombustíveis - ANP), Notice of Discovery of gas in the well 1-HRT-8-AM.

Based on hydrocarbon shows in cuttings, mud logging gas detection and wire line formation tests, two gas-bearing reservoir intervals were observed in the Juruá Formation, between 3,045 and 3,130m of depth.

The well was spudded on March 17, 2012 and reached a final depth of 3,345 meters, in Devonian sedimentary rocks. The well will be cased so that drillstem tests can be run to evaluate the production potential of the reservoirs.

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