HRT sells its first crude oil shipment


HRT sells its first crude oil shipment

RIO DE JANEIRO -- HRT together with its wholly owned subsidiary, HRT O&G announce that, in the last week of January 2014, they concluded the first crude off-take of 233.3 Mbbls (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 Mbbls.

Additionally, HRT reports that the average oil and natural gas production in the Polvo Field, in January 2014, was 13.5 Mboepd. The oil production, itself, reached an average of 11.2 Mbopd out of which 6.7 Mbopd correspond to HRT's part (60%).

This first month of HRT's operatorship, Polvo Field produced uninterruptedly, without record of incidents.

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