Brazilian independent HRT Oil & Gas has concluded a formation test in Block SOL-T-194 in the onshore Solimoes basin that suggests a production potential of 250,000 cubic metres per day of natural gas and 300 barrels of condensate per day can be achieved from a vertical well.
HRT drilled the 1-HRT-4-AM well, informally known as Igarape Maria, to a final depth of approximately 2800 metres using the Tuscany-owned land rig TUS-116.
Five oil-bearing intervals and two-gas bearing intervals were detected in the Jurua formation of the well in early November.
The recent test took place at between 15 and 31 December and confirmed the presence of gas and condensate of roughly 65 degrees API at an 8 metre net pay reservoir section, indicating that HRT has made one of the lightest hydrocarbons finds ever in Brazil.
"While more operational work and technical studies will be necessary to fully define the field, we are very encouraged by the result, which gives further momentum to our exploration campaign," said HRT corporate planning director Milton Franke.
The rig will remain on SOL-T-194 to spud an extension well of the maiden discovery to further evaluate its commercial potential, which according to HRT, could reach up to 750,000 cmd and 1000 barrels of condensate per day from a directional well.
Separately, the company started drilling a new well in Block SOL-T-170 on Tuesday with the TUS-115 land rig eyeing a final depth of 3412 metres.
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