GeoPark makes oil discovery in Colombia

GeoPark Ltd. reported the successful drilling and testing of the Aruco 1 exploration well on the Llanos Block 34 in the central Llanos basin in Colombia.

A test conducted with an electrical submersible pump in the Guadalupe formation, at a total depth of 10,075 ft, resulted in a gross production rate of 1,154 b/d of 16.8° gravity oil. The well flowed with 4.8% water cut through a 42/64-in. choke and wellhead pressure of 193 psi. The company said further production history will be required to determine stabilized flow rates and the extent of the reservoir.

The Aruco discovery is GeoPark’s sixth oil discovery on Llanos Block 34. Since acquiring the block in 2012 with no production or reserves, the company has increased production on the block to more than 15,000 b/d gross and more than 6,700 b/d net (OGJ Online, July 11, 2012; Mar. 27, 2013; June 17, 2013).

“We have an ambitious risk-balanced work plan for 2014 with 50-60 new wells, with the objective of continuing to build an attractive and enduring upstream business in the high-potential Latin American hydrocarbon market,” said James F. Park, GeoPark chief executive officer.

GeoPark, operator of Llanos Block 34, holds 45% working interest.

Related Articles

Sinopec, FTSI form JV to tap China’s unconventional resources

06/11/2014 Sinopec Group has entered into a 15-year joint venture agreement with FTS International (FTSI), Ft. Worth, with the intention of tapping into the C...

ConocoPhillips, Suncor join Shell in deepwater exploration off Nova Scotia

06/11/2014

ConocoPhillips and Suncor Energy Inc. are joining Shell Canada as partners in exploring the deepwater Shelburne basin off Nova Scotia.

Eni farms into permit offshore South Africa

06/10/2014 Eni SPA has agreed to acquire 40% interest and operatorship in exploration right permit 236 (ER236) offshore South Africa’s east coast from Sasol P...

BHP Billiton farms into deepwater Trinidad and Tobago blocks

06/06/2014 BHP Billiton Ltd. has acquired a 70% stake in BP Trinidad & Tobago’s (BPTT) two deepwater blocks off Trinidad and Tobago’s east coast, leaving ...

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