Gran Tierra to delineate Maranon Block 95 in Peru

By OGJ editors

Consulting engineers have issued a best estimate contingent resource of 31.6 million stb for Block 95 in the Maranon basin of Peru, said Gran Tierra Energy Inc., Calgary.

The other estimates for the block are a high of 88.1 million stb and a low of 11.5 million stb, Gran Tierra said.

Meanwhile, the company plans to purchase the 40% working interest it does not already own in Block 95 from Global Energy Development PLC, subject to government and PeruPetro SA approvals.

The 1974 Bretana 10-16-1X discovery well on Block 95 flowed at the rate of 807 b/d of oil, natural, for 6 hr from the Vivian formation. Well records indicate inconsistent oil gravity values of 13.1° and 17.6° gravity.

Since Bretana is in a remote location 160 km southeast of Corrientes oil field, it would be challenging to develop at an oil gravity of 13.1° gravity and would be economic if the oil gravity is 17.6°, Gran Tierra said.

The company plans to drill an exploratory well in the fourth quarter of 2012 to further delineate the field and to explore deeper reservoir horizons not penetrated by the discovery well. A drill site has been identified and civil construction initiated for the Bretana Norte 95-2-1X well.

Related Articles

INTERNATIONAL BRIEFS

01/01/1990 WESTCOAST ENERGY INC., Vancouver, B.C., agreed to buy the utilities and propane business of Inter-City Gas Corp. (ICG), Winnipeg, Man., for $720 mi...

OWNERSHIP QUESTIONS CAN STYMIE DEVELOPMENT OF COALBED METHANE

01/01/1990 Although the technology exists for commercial recovery of coalbed methane, production has been hindered because of the legal quandary as to ownersh...

OIL FLOW RISING IN E. CHINA REGION

01/01/1990 Production is building from an oil producing area in the lower reaches of the Yangtze River in eastern China's Jiangsu Province. The northern J...

GAS EXPLORATION FANS OUT MIN ARKOMA BASIN

01/01/1990 Gas exploration is heating up in the South Central Arkoma basin's pre-Pennsylvanian formations. Several operators are targeting Siluro-Devonian...

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