Saturday, December 15th 2012 - 21:04 UTC

GeoPark drills new successful oil well in Colombia

GeoPark Holdings Limited announced the successful drilling, testing and putting into production of a new oil well in the Tua oil field on the Llanos 34 Block in Colombia. GeoPark that also has drilled for oil in southern Chile and Argentina operates and has a 45% working interest in the Llanos 34 Block.

James F. Park, CEO of GeoPark

GeoPark drilled and completed the Tua 3 well to a total depth of 3.276 meters. A test conducted with an electrical submersible pump (ESP) in the Mirador formation, at approximately 3.031 meters, resulted in a production rate of approximately 1.127 barrels of oil per day (“bopd”) of 19.4 degrees API oil, with less than a 1% water cut, through a choke of 17 millimetres and well head pressure of 25 pounds per square inch. Further production history will be required to determine stabilized flow rates and the extent of the reservoir. Surface facilities are already in place and the produced crude oil is now being marketed.

The Tua oil field was discovered in July 2012 with the Tua 1 well, which is currently producing at a rate of approximately 927 bopd. The Tua 2 well, drilled in August 2012, will be completed during December 2012 in the Guadalupe formation. Preliminary interpretations of available seismic data provide evidence that the Tua structure contains multiple drilling opportunities and further development of the field will include the drilling of the Tua 4 and Tua 5 wells in 2Q 2013, according to the company.

The Tua oil field is the second oil field discovery by GeoPark this year in Colombia where GeoPark discovered the Max oil field earlier this year. GeoPark has identified additional attractive prospects on its Colombian properties and is planning an aggressive and balanced program of development drilling and new exploration during 2013.

GeoPark has interests in ten exploration, development and production blocks in Colombia - in addition to six blocks in Chile and three blocks in Argentina. In 2012, GeoPark will carry out a 42-46 well drilling program in Chile and Colombia - with a total work program investment of 200-210 million dollars.

Commenting, James F. Park, CEO of GeoPark, said: ”The result from our new Tua well is significant because it confirms the development and production potential of the Tua oil field and it increases the overall prospectivity of our Colombian acreage where additional attractive opportunities have been identified. We also believe it reflects the strength of our team by its success in hitting the ground running in Colombia this year where we have been able to create value and build a solid business -- with the opportunity to do much more”.
 

3 comments Feed

Note: Comments do not reflect MercoPress’ opinions. They are the personal view of our users. We wish to keep this as open and unregulated as possible. However, rude or foul language, discriminative comments (based on ethnicity, religion, gender, nationality, sexual orientation or the sort), spamming or any other offensive or inappropriate behaviour will not be tolerated. Please report any inadequate posts to the editor. Comments must be in English. Comments should refer to article. Thank you.

1 LightThink (#) Dec 16th, 2012 - 10:45 am Report abuse
well done editor........
show to some fool comment owners how some spry British energy firms in operatings at full around the Latin America and not stupid to deal only for few fiddling islands.
2 mrsemile (#) Dec 17th, 2012 - 10:48 pm Report abuse
[b][url=www.bigmoncler.com/moncler-accessories-sale-c-1.html]Moncler accessories[/url][/b]
[b]cheap Moncler accessories[/b]
[b][url=www.bigmoncler.com/moncler-accessories-sale-c-1.html]buy Moncler accessories[/url][/b]
[b][url=www.bigmoncler.com/moncler-accessories-sale-c-1.html]Moncler accessories online[/url][/b]
[b][url=www.bigmoncler.cMoncler accessories
cheap Moncler accessories
buy Moncler accessories
Moncler accessories online
Moncler accessories outlet
.

CABLES.A right regard on your servant, electric source, demands likewise that focus be given to wires.Repair retail stores often know that their big job is the repair and / or replacement of cords that damaged, though propose being very careful easy to keep them in good condition.Jerking about the cord to disconnect the application invites problem, because such treatment loosens that wires from plug.The best way disconnect some sort of cord furnished with a switch is to cut away from the switch first and after that reach down and retrieve the put.If there is absolutely no switch, pull the plug from wall shop first, then from appliance.Seize the plug firmly (not that cord) plus pull instantly.If the item sticks, rock the item gently between as you actually pull, to loosen one connection during the time
3 British_Kirchnerist (#) Dec 24th, 2012 - 11:15 am Report abuse
#1 True..

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!

Advertisement