Arab Today, arab today brazilian company discovers oil near namibian coast
Last Updated : GMT 06:51:35
Arab Today, arab today
Arab Today, arab today

Brazilian company discovers oil near Namibian coast

Arab Today, arab today

Arab Today, arab today Brazilian company discovers oil near Namibian coast

Windhoek - XINHUA

The Brazilian petroleum company HRT announced here on Tuesday that it had discovered oil near the western coast of Namibia. The HRT president Joe Paul told the media in the presence of Prime Minister Hage Geingob at the State House that the discovery was made within the Walvis Basin where the company has dug its first well Wingat-1. \"HRT has begun drilling, particularly in this well, in the quest to find conclusive results on whether or not there is oil off the Namibian coast. Thus, we can say now that we have found an active petroleum system in Namibia. We found source rocks,\" he said at the press conference. HRT has been exploring for oil off the coast of Namibia since March this year. Paul further said that the source rocks are rich in organic carbon and well within the oil-generating window, meaning that they will be able to generate oil or gas if heated sufficiently. However, he said that although the company spent 810 million Namibian dollars (84.7 million U.S. Dollars), the discovery is not yet economically viable and that HRT would still drill a second well Murombe about 15 km from Wingat-1 in two weeks\' time. Mines and Energy Minister Isak Katali who was also present during the announcement was quick to point out that this discovery would not mean that oil prices will go down any time soon, because there are many stages involved such as the quality and quantity of the oil.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazilian company discovers oil near namibian coast Arab Today, arab today brazilian company discovers oil near namibian coast

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazilian company discovers oil near namibian coast Arab Today, arab today brazilian company discovers oil near namibian coast

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 04:23 2017 Tuesday ,20 June

Oil prices flat after weeks of steep declines

GMT 06:08 2017 Sunday ,18 June

Lower oil prices set to test US shale driller

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday