Petrominerales has two-zone Ucayali light oil find

10/29/2012
Petrominerales Ltd., Calgary, has made a potentially commercial two-zone light oil discovery in the southern Ucayali basin in Peru. The company will apply for authority to shoot 3D seismic and seek regulatory approval for possible commercialization, subsequent appraisal drilling, and technical evaluations. Petrominerales said the discovery is near river barge transportation. The area is 300 miles east-northeast of Lima and a few miles west of the Brazil border at western Acre State. The Sheshea-1X well on Block 126 went to 8,925 ft as the company's second exploratory well on the block (OGJ Online, June 4, 2012). Petrominerales ran four tests in three formations. Two tests of the Permian C...
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