03 Jun 2013 08:10
WINDHOEK, 03 JUN (NAMPA) ? Brazil?s oil exploration and production company, HRT has commenced drilling work at its second offshore well, Murombe-1, in its exploratory campaign in Namibia.
In a media statement issued on Sunday, HRT Chief Executive Officer Milton Franke said the company hopes to benefit from positive results off the Wingat-1 well, where source rocks and light oil were discovered last month.
?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,? he stressed.
The Murombe-1 well is located 220 kilometres north-west of Walvis Bay in 1 391 metres of water depth.
The well is just 15 kilometres east of Wingat-1 well.
According to Franke, the main objective of this well (Murombe) is to test the resource potential of Barremian-aged turbidite reservoirs that have a well-defined seismic amplitude anomaly on the pre-stack depth migration (PSDM) 3D data set.
As a 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.
Franke explained that the Boabab reservoir is expected to be encountered at a depth of 3 670 metres below sea level, and the Murombe reservoir is expected to be encountered at 5 090 metres below sea level.
Murombe-1 will be drilled to a projected total depth of 5 360 metres by the semi-submersible offshore drilling giant, Transocean Marianas.
The total time estimated to complete the operations is 72 days, according to Franke.
HRT is operates 10 blocks offshore Namibia, which are contained in four petroleum licences.
GALP Energia, with headquarters in Portugal, has 14 per cent participating interest in HRT to drill the first three wells of the current exploration campaign.
At the end of May this year, HRT announced that it had found oil off the coast of Namibia, although not in commercial volumes.