By OGJ editors
HOUSTON, Apr. 7 – Gran Tierra Energy Inc., Calgary, said Apache Corp. has taken a farmout to earn a 50% interest in Gran Tierra’s Santa Victoria block in the Noroeste basin of northwestern Argentina.
Both companies agreed to proceed into the second exploration phase, which has a work commitment that will be fulfilled with an exploratory well. The block covers 516,815 acres.
Gran Tierra Energy, as operator, is interested in testing the gas potential of Permo-Carboniferous reservoirs, a proven play in nearby wells.
Photo from Odfjell Drilling.
Photo from bp.
