HRT reported that its subsidiary HRT O&G Exploração e Produção de Petróleo Ltda. has concluded the drill-stem test performed in the well 1-HRT-4-AM, in the SOL-T-194 block at the Solimões Basin.

The test took place between December 15 and 31, 2011 and confirmed the presence of gas and condensate of approximately 65° API, at an 8 meters net pay reservoir at the Jurua Formation. The results of this test indicate a production potential of 250 thousand cubic meters of gas and 300 barrels of condensate per day in a vertical well.

'We have confirmed the presence of a number of hydrocarbon reservoirs in HRT-4 proving the existence of an important gas and condensate center in the region. While more operational work and technical studies will be necessary to fully define the field, we are very encouraged by the result, which gives further momentum to our exploration campaign. HRT is on its path to become operational, making this a significant milestone for our Company.' commented Milton Franke, Chief Operation Officer of HRT O&G.

Rig TUS-116 will remain on SOL-T-194 block to test an up-dip appraisal well on the same structure and further evaluate its commercial potential, which could reach up to 750 thousand cubic meters of gas and 1,000 barrels of condensate per day through directional well.

Well 1-HRT-4-AM is located in the SOL-T-194 block and is situated in 25 kilometers south of Urucu and reached depth of approximately 2806 meters.

Tags: HRT Participações em Petróleo S.A.