BRASILIA, July 19 HRT Participações SA
said on Friday that the second well drilled by its
subsidiary HRT Walvis Petroleum off the coast of Namibia is dry.
The Rio de Janeiro-based company said drilling was stopped
on well Murombe-1 after no oil was found. The company's first
well in Namibia was declared non-commercial in May.
The Brazilian oil producer has faced repeated setbacks in
its exploration efforts in Brazil's Solimões Basin and in
Namibia, driving down its shares by 58 percent this year alone.
It had been hoping to make a large discovery in the waters off