Petroleum Africa
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Wednesday, March 21, 2012
Brazilian firm HRT Participacoes em Petroleo has received an extension on the initial exploration periods for its acreage in Namibia. The company received notification from the Ministry of Mines and Energy of the extensions for its 10 blocks in the African country.
On Blocks 2112B and 2212A the company’s exploration period has been extended to June 2013. The extension for Blocks 2713A and B takes the company into August 2014, Blocks 2815, 2816, and 2915 have a new date of September 2014, and 2813A, 2814B, and 2914A have a new date of May 2015.
“The extension of the exploratory period granted by the MME is proof of the recognition to the work performed by HRT, in particular the 3D seismic campaign – the largest ever conducted on the offshore of West Africa. With this, the company will be able to better evaluate its assets, located in one of the most promising exploratory frontiers in the world,” said Marcio Rocha Mello, CEO of HRT.
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