HRT acquires four drilling rigs

RIO DE JANEIRO, Brazil, Sept. 21, 2011 /CNW/ - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3), (TSXV: HRP), announces that in furtherance to its business plan, HRT signed, on September 15, 2011, the contract with the Joint Venture Andrews Technologies, Inc. and Sichuan Honghua Petroleum Equipment Ltd. ("ATI-HH") for the acquisition of four heli-transportable drilling rigs for the exploratory campaign in the Solimões Sedimentary Basin.

The bidding process for the hiring of the drilling rigs was published on June 15 of this year and involved large world corporations. Based on the technical proposals and commercial bids submitted, HRT analyzed them, adopting the best price and technology criteria, thus selecting the ATI-HH company, which holds the know-how and technology for use of heli-transportable equipment, allowing the rigs to be assembled/disassembled in modules, in order to be transported by helicopters to operate in areas of difficult access, like the Amazon region.

The rigs have the capacity to drill up to a depth of four thousand meters. The first two rigs should arrive in the Shanghai Port, in China, in February, and the remaining ones, in March of 2012. After this delivery, the equipment is expected to arrive in Manaus within approximately two months, ready to be transported to the Support Base, and later, to the drilling site.

For further information, please contact HRT`s Investor Relations Department.

About Andrews Technologies, Inc. (ATI)
Andrews Technologies, Inc. (ATI) is an oilfield services company with corporate headquarters in Houston, Texas, working mostly in Mexico, China and Brazil in the Oil and Gas E&P market sector. ATI collaborates closely with Chinese oil services companies and oilfield equipment manufacturers in long-term partnership. In the last ten years ATI has obtained contracts for seismic acquisition, drilling and related services, supply of drilling rigs and oilfield tubular goods for the US, Mexico and Brazil markets in excess of 800 Million US Dollars. For more information, please visit the Company's website: www.andrewstech.net.

About Honghua Group Ltd. (Honghua)
Honghua Group Ltd. (Honghua) is one of the world's principal land rig manufacturers and the largest rig package export enterprise in China. Honghua has an annual production capacity of more than 120 rigs, specializing in R&D, engineering, manufacturing and assembly of onshore and offshore drilling equipment. Honghua Group Ltd. major subsidiaries are: Sichuan Honghua Petroleum Equipment Co., Ltd., Chengdu Hongtian Electric Drive Engineering Co. Ltd., Sichuan Honghua Youxin Petroleum Machinery Co., Ltd., Honghua International Co., Ltd. and Honghua America, LLC. Honghua offers a large range of diverse drilling equipment and delivers superior technical support services through its well established global network. Honghua is a leading edge manufacturer providing new and advanced cost-efficient solutions with the required experience and dedication of its management team. For more information, please visit our Company's website: http://www.hh-gltd.com

About HRT
HRT Participações holds one of the largest independent oil and gas exploration and production companies in Brazil. The HRT Group comprises eight main subsidiaries: IPEX (Integrated Petroleum Expertise Company Serviços em Petróleo Ltda.), HRT O&G Exploração e Produção de Petróleo Ltda., HRT Netherlands B.V., HRT África Petróleo S.A., HRT América Inc., BN47 Serviços Aéreos Ltda., Ranger Participações Ltda. and UNX Energy Corp. The Company retains a 55% interest in 21 exploratory blocks in the Solimões Basin. HRT also operates ten exploratory blocks at the Namibian coast, where it retains interest in two of them, in the Walvis Sub-basin, and in other eight, in the Orange Sub-basin. HRT's team includes PHDs and masters in geochemistry, geophysics, biology and engineering, most of them former employees of Petrobras and ANP (Brazil petroleum agency). HRT is committed to minimizing any possible environmental impacts in the sites where it acts. Our commitment to the local communities is towards health conditions, security and quality of life. For more information, please visit the Company's website: www.hrt.com.br/ir

Disclaimer
This news release contains forward-looking statements. All statements other than statements of historical fact contained in this news release are forwardlooking statements, including, without limitation, statements regarding our drilling and seismic plans, operating costs, acquisition of equipment, expectations of finding oil, the quality of oil we expect to produce and our other plans and objectives. Readers can identify many of these statements by looking for words such as "expects", "believe", "hope" and "will" and similar words or the negative thereof. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. By their nature, forward-looking statements require us to make assumptions and, accordingly, forward looking statements are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements because a number of factors may cause actual future circumstances, results, conditions, actions or events to differ materially from the plans, expectations, estimates or intentions expressed in the forward-looking statements and the assumptions underlying the forward-looking statements.

The following risk factors could affect our operations: the contingent resource and prospective resource evaluation reports involving a significant degree of uncertainty and being based on projections that may not prove to be accurate; inherent risks to the exploration and production of oil and natural gas; limited operating history as an oil and natural gas exploration and production company; drilling and other operational hazards; breakdown or failure of equipment or processes; contractor or operator errors; non-performance by third party contractors; labour disputes, disruptions or declines in productivity; increases in materials or labour costs; inability to attract sufficient labour; requirements for significant capital investment and maintenance expenses which HRT may not be able to finance; cost overruns and delays; exposure to fluctuations in currency and commodity prices; political and economic conditions in Namibia and Brazil; complex laws that can affect the cost, manner or feasibility of doing business; environmental, safety and health regulation which may become stricter in the future and lead to an increase in liabilities and capital expenditures, including indemnity and penalties for environmental damage; early termination, non-renewal and other similar provisions in concession contracts; and competition. We caution that this list of factors is not exhaustive and that, when relying on forward-looking statements to make decisions, investors and others should also carefully consider other uncertainties and potential events. The forward-looking statements herein are made based on the assumption that our plans and operations will not be affected by such risks, but that, if our plans and operations are affected by such risks, the forward-looking statements may become inaccurate.

The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date of this news release. Except as required by applicable securities laws, we do not undertake to update such forward-looking statements.

Sedar Profile # 00031536

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE HRT Participações em Petróleo S.A.

For further information:

Marcio Rocha Mello - CEO and Investor Relations Officer
+55 21 2105-9700
ri@hrt.com.br

Eliana Rodrigues - IR Manager 
+55 21 2105-9745
eliana.rodrigues@hrt.com.br 

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HRT Participações em Petróleo S.A.

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