HRT Participações em Petróleo S.A. says 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 shows in well 1-HRT-10-AM.

Based on mud logging gas detection and Logging While Drilling (LWD) data, four gasbearing reservoir intervals were identified in the Juruá Formation, the main target of this well, between 2,110 and 2,260 meters of depth.

The well was spudded on October 22, 2012 and after drilling through the main reservoirs it is currently being drilled at 2,360 meters in Devonian sedimentary rocks. After reaching the basement, the well will be logged and cased so that formation tests can be run to evaluate the type of hydrocarbon and the production potential of the reservoirs.

Tags: HRT Participações em Petróleo S.A.