Operations Overview



Harvest has a strong platform for sustainable long-term growth from our producing asset in Venezuela combined with our global exploration portfolio. Our 32% share of Petrodelta, S.A. (Petrodelta) provides a solid foundation of reserves and production growth in a hydrocarbon-rich region with low technical risk. Our global exploration portfolio consists of high-impact, technically-driven prospects located in proven active hydrocarbon systems having significant resource potential.

 

Recent accomplishments include:

 

  • Discovered hydrocarbons in Gabon, including 42 feet of oil pay within the Gamba formation and 123 feet of oil pay in stacked reservoirs within the Dentale Formation

  • Sidetracked the Dussafu Tortue Marin-1 well in Gabon to discover an additional 65 feet of oil pay in the primary Dentale reservoir

  • Increased 2012 gross oil production in Venezuela to 35,990 barrels of oil per day, an increase of 16% over 2011

  • High-graded the Madjene prospect in the Lariang Basin in Indonesia and currently developing a drilling program to unlock the stacked Pliocene and Miocene prospective resource of 96 million barrels of oil

  • Raised $79.8 million of new debt in 2012 to increase liquidity and fund future growth plans