Namibia Well May Revive Skeleton Coast Drilling After Misses
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HRT Participacoes em Petroleo SA is expecting results this week from a well off Namibia’s Skeleton Coast that may revive interest in oil exploration after two failures last year in the southwest African nation.
The Wingat-1 well, in an area where shipwrecks line the coast, is expected to be finished at a depth of about 4,200 meters (13,800 feet) by the end of this week, HRT Chief Executive Officer Marcio Mello said in an e-mail. The well is being drilled by Transocean Ltd.’s semi-submersible Transocean Marianas rig.