Colombia: PetroAmerica spuds Las Maracas-11 well

Petroamerica Oil Corp., Calgary, has spudded the Las Maracas-11 development well at Las Maracas field on the Los Ocarros block in Colombia's Llanos basin.

The well targets attic oil in the Mirador formation and is to be followed by the drilling of Las Maracas-12. The company expects one development, one appraisal, and one water disposal well to be drilled after Las maracas-12 by yearend.

The field is producing 11,000-11,600 b/d of oil, but future production targets will be based on well performance and the results of the current wells and upcoming appraisal and development drilling program.

Parex Resources Colombia Ltd. operates the block with 50% interest, and Petroamerica has 50%.

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