Colombia-based oil and gas firm, Ecopetrol, has found hydrocarbons in the Guainiz-1 exploratory well situated in the San Carlos de Guaroa area of Meta Province in Colombia.
The discovery is the third in the CPO-10 block after the discovery of Pastinaca and Cusuco in March and May, respectively.
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All three findings are filed under the CPO-10 Exploration and Production Contract signed by Ecopetrol and the National Hydrocarbons Agency on 18 December 2008.
Drilling at the Guainiz-1 well began in June 2012 and ended on 14 July at a depth of 7,975ft in Paleozoic rock.
The initial tests, which were conducted on the intermediate deposit of Late Eocene Age basal sandstone beds at a perforated interval of 16ft, found that the well had a daily average production of 409 barrels a day of 14.4° API crude and a water cut of 8.4%.
Besides tests, positive results were also obtained from fluid samples in the top of the sand packages from the Late Cretaceous period.
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By GlobalDataThe company will now analyse the results for the next few months and will drill new delimitation wells in the CPO-10 block to start production of the future fields.
Ecopetrol has made four discoveries in the five exploratory wells it has drilled so far this year.
Image: Ecopetrol office in Bogotá, Colombia. Photo: courtesy of Pedro Felipe.
