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HRT commences partnership discussions in relation to world class Namibian exploration assets


Published Apr 6, 2012
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HRT Participações em Petróleo S.A.

HRT Participações em Petróleo S.A. has commenced discussions with leading oil companies to evaluate the feasibility partnership in its world class Namibian exploration acreage.

Through its wholly owned subsidiaries, HRT is the operator of ten exploration blocks in the Namibian offshore (and holds carried interest in two additional blocks) in the Wavis, Orange and Namibe basins. HRT's area encompass 68,800 km2 (17 million acres) making it one of the major acreage holder in West Africa. The Company has recently concluded the largest 3D seismic campaign ever conducted on the Namibian coast. The Company's drilling campaign is expected to commence between 4Q12 and 1Q13.

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