Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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. > Murombe's Chance of Success increasing with Wingat
View:
Post by DrillaHill on May 27, 2013 10:04am

Murombe's Chance of Success increasing with Wingat

Joe Paul -HRT America:

WE FOUND THE HARD STUFF BUT NOT THE EASY STUFF, SO I WOULD SAY WITH OUR FUTURE EXPLORATION WELLS THE CHANCE OF FINDING RESERVOIR IS VERY HIGH AS WE ALWAYS SEE RESERVOIR IN ANY BASIN WE DRILL IN AROUND THE WORLD

Wingat CC - "because of the potential to drill deeper to

test the presence of turbidite reservoirs

and the opportunity to penetrate and to

sample the main source rock,

the consortium decided to go deeper, to a final TD of 5,000 meters."

from an interview with Wagner Peres:

Murombe's geology is very similar to the Marlim field in the Campos basin, Marlim has produced more than any other Brazilian field and has only been surpassed in size by the giant new Brazilian finds in the Santos Basin. Marlim is spread over a 1,400-square-kilometer area and Murombe over 1,100 square kilometers, but

if we find a good oil generating rock

we could find something there very much like Marlim," he said.

well that's no IF anymore...

...about Murombe from the CC 05/12

https://ir.hrt.com.br/hrt/web/arquivos/HRT_tranc_%20FR2352012_MZT_eng_final.pdf (page.09)

Now let’s talk about license number 23. License 23, we conducted 3D seismic surveys covering 5,300 km² last year and they showed us an amazing exploratory potential for this area. There are three slides about license 23. The first one shows a seismic amplitude extraction map, in which you can see,

in yellow with blue background, the limits of a deep-water turbidite; we call this a typical basin floor fan in technical terminology, and this

turbidite

has a dimension that is simply amazing. It has an area of 1,100 km². It’s gigantic, with a potential resource of around 10.7 billion barrels, again P10 with no risk applied.

The name of this prospect – and we’re going to talk about it quite often from now on, so you will become familiar with it – is Murombe. In license 23, all our prospects are named after Namibian trees. Murombe is an anomaly of strong amplitude, it has

characteristics that are typical of a reservoir with good conditions, good thermal and porosity conditions since it has seismic reflections that allow us to interpret these characteristics.

It is of the Barremian age, Upper-Barremian, and this is very important for us, since it’s in the Upper-Barremian and Aptian where we find the most important source rocks interpreted in Namibia. This is in that first map that I showed you.

These turbidites were deposited in the middle of these source rocks.

The oil migration condition into the reservoir couldn’t be better.

We used two examples for this turbidite, for this system: one of them is Sea Lion, a discovery made by Rock Harper in the Falklands plateau, Malvinas, which has the same combination of age of source rock and age of reservoir rock, and this combination is a perfect analogy for Murombe.
We also make the

analogy of Murombe with the Marlin Field complex, in the Campos basin.

In this comparison, the rocks have different ages; however, the process involved in the deposition of these systems, both of Marlin and Murombe, are exactly the same. The magnitudes are similar, so in the South Atlantic, yes, we might find a field of 1,100 km², since the Marlin complex of the Campos basin has proved that this is true.
So we are optimistic at the possibility that Murombe will bring us discoveries of huge proportions, which was practically impossible to be conceived in a not-so-remote past.
It is interesting the fact that we are taking Murombe into consideration, since there are other two prospects that we have identified in this same project and they have exactly the same type of depositional characteristics as Murombe. We call them Ushika and Hiatata.
These two prospects are also gigantic: one has 650 km² and the other 450 km², therefore, if Murombe becomes a reality as an oil field, we still have many other things we can find within this block, in this same play.

User Avatar Image
(0)
•••
Comment by Drill_Deep,_Find_oil,_stay_calm on May 27, 2013 10:57am
Moving Marianas just 10 miles to drill Murombe?>
Comment by DrillaHill on May 27, 2013 11:07am
Yes sir, that's why they are so optimistic about murombe because they only need the reservoir to work now, a type of reservoir they successfully tested with the wingat-drill,  a gigantic "turbidite reservoir" GL!