Antrim reports Tierra del Fuego discovery

Peter Howard Wertheim
OGJ Correspondent

RIO DE JANEIRO, June 6 -- Antrim Energy Inc., Calgary, reported an oil discovery in the Las Violetas (LV)-105 exploratory well drilled in the Magallanes basin on Tierra del Fuego, Argentina.

The LV-105 well, drilled to a target depth of 1,856 m in the Cretaceous Springhill formation, flowed at initial rates of 750 b/d of 43° gravity crude with negligible water from a perforated interval of more than 16.5 m (12.5 m net).

Antrim said the well is currently producing at a rate of 450 b/d at 110 psi on a 14 mm choke.

Delineation is planned. The Petroservico rig is under contract until Aug. 31.

LV-105 is the tenth of 11 wells drilled in Antrim's Tierra del Fuego program. To date, five wells have been completed and tested as liquid-rich gas wells; three wells have been cased and are awaiting stimulation; one well (LV-105) has been completed as an oil well and is on production; one well has just been logged and cased and is awaiting testing; and one well has been abandoned (OGJ Online, Dec. 30, 2005).

Antrim has a 25.78% interest in the Las Violetas Block as well as the Angostura and Rio Cullen Blocks in Tierra del Fuego. Other Las Violetas interests are APCO Argentina 25.78%; Roch, operator, 24.29%; San Enrique 12.62%; and DPG 11.54%.

Related Articles

Earnings, revenues down for OGJ150 in 2013; liquids output, reserves up

09/01/2014 The combined earnings of the OGJ150 group declined 3.03% during 2013 to $88.1 billion. The group's revenues for the year were also down 7.32% from ...

OGJ100 group posts lower 2013 earnings

09/01/2014 Oil & Gas Journal's survey of the 100 leading oil and gas producing firms based outside the US reveals that 2013 net income and revenues fell m...

Utah's crude transportation options include Uinta Express project

09/01/2014 Utah's crude oil transportation options-which include Tesoro Refining & Marketing Co. LLC's proposed Uinta Express Pipeline-typify the broader ...

AMP acquires additional midstream assets in Eagle Ford

09/01/2014 American Midstream Partners LP (AMP) has opted to use, and has received approval of, its right-of-first-offer to acquire the Gonzales County, Tex.,...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected