UK-based upstream oil and gas company Echo Energy has unveiled plans to drill four new exploration wells in Argentina as part of its 2018 work programme in the country.
Prior to the drilling campaign, the company will undertake three back-to-back workovers of existing wells on Fracción D in March this year.
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The exploration wells will come up in the Fracción C and Laguna De Los Capones licences.
The company noted that drilling and environmental permits for the wells are in advanced stage, with permits for the wells expected to be obtained by 20 April.
Echo Energy chief executive Fiona MacAulay said: “We are now ready to initiate an exciting programme of back-to-back workovers, exploration drilling, seismic acquisition and prospect generation.
“Our onshore exploration wells are all located close to existing facilities and in the success case can be commercialised into gas hungry markets at advantaged pricing in very short order.”
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By GlobalDataUnder the workover programme, the company will carry out perforation or re-perforation of each of the wells in the already discovered but uncompleted gas zones of the Springhill Formation.
Concurrently, the company is also carrying out a seismic programme at the Tapi Aike exploration block.
Based on a recent competent person’s report, an inventory of 41 leads was identified, with an aggregate potential of more than 22tcf gas initially in place (GIIP) across the Tapi Aike Block.
With respect to the Tapi Aike licence, Echo intends to take up a 1,200km seismic acquisition programme as part of its plans to undertake the first exploration drill next year.
