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

Tethys reports second successful gas well in Kazakhstan

03/20/2014 Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian regio...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/19/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

CNOOC makes gas discovery in Qiongdongnan basin

03/19/2014

CNOOC Ltd. has made a natural gas discovery in the east Lingshui Sag of the deepwater area in the South China Sea’s Qiongdongnan basin.

Cairn, FAR to drill exploration wells offshore Senegal

03/19/2014

FAR Ltd., Perth, will participate in the drilling of two deepwater exploration wells offshore Senegal next month.

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