HRT Participações em Petróleo S.A. announces the spud of the Moosehead-1 well (2713/16-1) (Moosehead-1), the third offshore well in its exploratory drilling campaign. This well is targeting the Moosehead Prospect, located in Petroleum Exploration License 24 (PEL 24), in the Orange Basin, offshore the Republic of Namibia.

The Moosehead-1 well is located 197 km southwest of Lüderitz, Namibia, and 100 km northwest of the Kudu gas accumulation. Moosehead-1 will test a Cretaceous age, 546 km2 4-way dip closure, mapped on a 3D PSDM seismic data set. The main objective of this well is to test the oil potential of Barremian-aged carbonate reservoirs, expected to be equivalent to the Brazil and Angola "pre-salt" reservoirs. Several source rocks are expected to be penetrated, including the Aptian source rock, which is anticipated to be oil generating according to HRT's geochemical modeling.

Tags: HRT Participações em Petróleo S.A.