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Bullboard - Stock Discussion Forum Petro Rio S.A. HRTPF

"Petro Rio SA is engaged in exploration and production of oil and gas in Brazil and abroad. The Company is currently engaged in the hydrocarbon production in Polvo field."

GREY:HRTPF - Post Discussion

Petro Rio S.A. > Optimistic about Murombe
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Post by nickerl on May 18, 2013 11:43am

Optimistic about Murombe

Just had a look at the seismic sections from the Q1 2013 presentation.

The uppermost source rock indicated was seemingly confirmed in the Wingat well. It might also act as a seal for the Wingat prospect. The horizon however is not mapped through the section, so I can't really tell if this theory is vaild.

This source rock might act as the kitchen for the Baobab prospect which will also be drilled in the Murombe well. The source rock is not buried as deep as the one that feeds the Wingat prospect.

So IF the source rock at Wingat generated a wet gas / condensate than the upper one could have generated more liquids. There is roughly a difference in the burial depth of about 300-400m, which equates to ~6°C in a cold basin or up to ~20-20°C in a hot basin. (I do not know the geothermal gradient in the Walvis basin)

Long story short: A possible reason why HRT is optimistic about Murombe might be that they think that Baobab is located above an oil generating source rock.

A potentially gas generating source rock at Wingat could also be due to volcanics which heats up the rock. On the published seismic section however I do not see volcanics. If volcanics were involved they would compeletely change my assumptions.

If anybody has more informations about the spreading of the volcanics in that area, I would be very grateful.

Please note the above is all speculation due to unsufficient data / information.

 

regards

Comment by Oiljars51 on May 18, 2013 9:16pm
I believe you are on the right track regarding your read on the source rocks. Everything I''ve read indicates the Walvis basin is in the passive volcanic margins. The Walvis Ridge was an active area of uplift and some volcanic activity to the north. The Aptian salt deposits would overlay the basalts of this area acting as an excellent insulator to minimize heat transfer, thus you have a ...more  
Comment by Oiljars51 on May 18, 2013 9:25pm
I should have assumed source rock at 4600 m which results in a BHT of 161 deg C. This would put us just on the edge of the oil window. We really need a gradient of less than 35 deg C/km.
Comment by nomomoney24 on May 18, 2013 10:19pm
What Oiljars are you a retard? It clear as day that the source rock was reached at 4599m witch resulted in a BHT or as i like to call it a ABC or a 123. The edge of the oil window was at a price angle of the 123 ABC you could calculate the prescience of Vaseline. Now if you use the LGT you will find that the source rock an the mucky muck,are just that rock an muck. All that matter's is I ...more  
Comment by Oiljars51 on May 18, 2013 10:48pm
LOL, Whatever blows your dress up Nomo.Some investors want to understand what they have invested in and to separate the BS and spin on some of these BB's. Have another drink.... YMMV, Later
Comment by TimeOnTarget on May 18, 2013 11:48pm
Thanks Oiljars51-- I hadn't read this interview before, but I found the discussion to be a singularly helpful overview that put a lot of other things I had read into context.
Comment by Oiljars51 on May 19, 2013 7:59pm
nickerl, The following link was posted by jimmy on the ii Chariot board. It includes much of the info you are seeking regarding the the volcanic intrusions of the Walvis basin. Very good paper. https://opus.bibliothek.uni-wuerzburg.de/volltexte/2004/1107/pdf/Dissertation_Geologie_Matthias_Kukulus.pdf Regards,
Comment by nickerl on May 20, 2013 4:58am
Oiljars, thanks for the link! I will read through it as soon as I have some time. I saw that Jimmy was also posting similar stuff about the source rocks and he actually measured the depths. Lets hope for a positive anouncement anytime soon. regards, nickerl