Brazilian oil and gas exploration company High Resolution Technology (HRT) has announced that it has spud an ultra-deep oil well located in petroleum exploration license 24 (PEL 24) in the Orange Basin, offshore Namibia
The Moosehead-1 well will test the oil potential of Barremian-aged carbonate reservoirs that are estimated to be equivalent to the pre-salt reservoirs in Brazil and Angola.
HRT said that it will use the Transocean Marianas semi-submersible rig in drilling Moosehead-1 to a total depth of 4,100 metres in water depth of 1,727 metres.
Milton Franke, chief executive officer of HRT, said, “After drilling our first two wells in the Walvis Basin, we are now moving to the Orange Basin to drill our third well, and test a giant structure where the target reservoirs are equivalent to the Santos Basin sub-salt prospects, considered analogs.”
Galp Energia, with a 14 per cent, participating interest is HRT’s partner in the current exploration programme.
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HRT spuds second well offshore Namibia
