By OGJ editors
HOUSTON, Dec. 31 -- GeoPark Holdings Ltd., Buenos Aires, said it is completing its $57 million 2008 capital program on the 440,000-acre Fell Block in southern Chile's Austral basin.
GeoPark said it ended 2008 with production of 6,250 boed. Earlier this year the company said more than 90% of its output, 77% of which is gas, comes from the Fell Block.
The company drilled 14 wells, shot 3D seismic, expanded pipelines, and placed nine wells on production, including four new field discoveries. Most recent to go on production are Aonikenk oil field and Manekenk gas field.
The Manekenk discovery well tested at 7.3 MMcfd of gas, 102 b/d of condensate, and 20 b/d of water, natural, from Cretaceous Springhill at 2,951 m.
Three wells recently drilled and cased will be tested in the first quarter of 2009.
GeoPark began production on the Fell Block in 2006 from Molino, Ovejero, and Nika gas-condensate fields.