Partners decided to suspend work on the Yaraqui-1X well, a subsalt prospect on the Topoyaco block in the Putumayo basin foothills in Colombia, said PetroMagdalena Energy Corp.
Pacific Rubiales Energy Corp. holds 50% working interest and operates the block. PetroMagdalena holds the remainder.
The well’s development was suspended because of anticipated uneconomic heavy oil flows, PetroMagdelena said. Last year the partners had reported encouraging indications of the subthrust play (OGJ Online, Nov. 21, 2011).
PetroMagdelena gave no details about under what conditions that it might reconsider the well.