Canacol Energy Ltd. reported the first flow test result from its Leono 1 exploration well, spudded Nov. 9 on the company’s LLA23 contract in Colombia’s Llanos basin.
The well encountered 133 ft of net oil pay in four separate reservoirs—C7 (13 ft), Barco (27 ft), Gacheta (69 ft), and Ubaque (24 ft). Average porosity for the four reservoirs ranged to 24% (Ubaque) from 18% (Barco).
The Leono 1 reached a total measured depth of 11,995 ft on Nov. 26. The company perforated the Barco reservoir from 10,584—10,600 ft and flowed at a stable rate of 1,863 b/d of of 35° API gravity oil. The well had an initial watercut of 17% that fell throughout the course, the company said.
Canacol has an 80% operated working interest in the LLA23 contract, with Petromont Colombia SA holding the remaining 20%.
The company is preparing to conduct production testing on the Gacheta reservoir. Once completed, the company has said it will bring the Leono 1 into long-term production subject to approval from Colombia’s National Hydrocarbon Agency. In addition, the company has four appraisal wells planned at Leono following completion of Leono 1.
Canacol’s LLA23 is one of five contracts that give the company exposure to 334,000 net acres of shale oil potential (OGJ Online, Feb. 27, 2013).
Contact Tayvis Dunnahoe at email@example.com.