HRT Participacoes em Petroleo SA has initiated discussions with oil companies to evaluate a possible partnership in its exploration area in Namibia.
Through its subsidiaries, HRT is the operator of ten exploration blocks and has a stake in two offshore blocks in the Walvis Basin, Orange and Namibe.
HRT’s biggest asset is 68,800 sq km (17 million acres) of land in West Africa. The company’s drilling campaign is scheduled to start either fourth quarter 2012 or first quarter 2013.
The company has opened a data room in Houston to facilitate access to information available to interested companies. HRT America will be responsible for managing the data room. Citigroup Global Markets Inc. was hired as director of strategic operations.