GeoPark has Guadalupe oil find on Llanos 34 block

A group led by GeoPark Holdings Ltd. has spudded an appraisal well after discovering a fourth oil field on the Llanos 34 block in Colombia and said it has identified several more prospects on the block.

GeoPark has placed on production the Tarotaro-1 discovery well on the block, on which it is operator with 45% working interest.

The well produced 2,239 b/d of 15.5° gravity oil with 0.6% water cut on an electric submersible pump with 250 psi wellhead pressure on a 14.3-mm choke from the Guadalupe formation at 2,955 m. Total depth is 3,175 m. GeoPark will monitor production to determine stabilized rates and reservoir extent.

GeoPark, which has spudded Tarotaro-2, previously discovered Max, Tua, and Potrillo oil fields since the company’s entry into Colombia in early 2012. It is in the midst of a 15-20-well drilling program.