HRT Sells Its First Crude Oil Shipment
OREANDA-NEWS. HRT Participates em Petroleo S.A. (theCompany or HRT) (BM&FBOVESPA: HRTP3, TSX-V: HRP), together with its wholly-owned subsidiary, HRT O&G Exploragao e Produgao de Petroleo Ltda. (HRT O&G), announce that, in the last week of January, 2014, they concluded the first crude offtake of 233.3 thousand barrels (net HRT) under HRT O&G's responsibility as the operator of the Polvo Field, in the Campos Basin. Next HRT O&G's crude oil sale will likely happen by no later than the first week of March, 2014, with an estimated volume of 400 thousand barrels.
Additionally, HRT reports that the average oil and natural gas production in the Polvo Field, in January 2014, was 13.5 thousand barrels of oil equivalent per day (boed). The oil production, itself, reached an average of 11.2 thousand barrels/day (bpd) out of which 6.7 thousand barrels/day correspond to HRT's part (60%). This first month of HRT's operatorship, Polvo Field produced uninterruptedly, without record of incidents.
Maersk Oil Brasil Ltda. (MAERSK) is the partner of HRT in the Polvo Field, with a 40% participating interest.
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