Upstream oil and gas company Echo Energy has started drilling at its first exploration well in the Fracción C asset, Argentina.
Known as ELM-1004, the well is part of a campaign comprising four back-to-back exploration wells. It is located around 4km northeast of the Estancia La Maggie gas collection facilities.
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The structure is estimated to have an initial 38 billion cubic feet (bcf) of Pmean gross gas in place, as per a report produced by Gaffney Cline & Associates.
Echo Energy CEO Fiona MacAulay said: “We are delighted to be starting our exciting four well exploration campaign shortly after the successful workover well campaign in Fracción D.
“A presentation with further details on the exploration well location and target structure will be uploaded to the company website shortly.”
Echo has also completed an extended flow period at the CSo-85 well on the Fracción D asset. This well has been shut-in for a planned pressure build-up.
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By GlobalDataEcho expects to provide updates on both the exploration drilling and extended testing as the programmes advance.
Last month, the second workover of a three-well campaign was completed at the Fracción D asset. Following perforation, the second workover resulted in a combination of oil and water flowing into the wellbore and to the surface.
