Exploration/Development Briefs

03/19/2012
Argentina Drilling is to start by Mar. 22 on a 10-12-well drilling program in the El Valle area of Argentina's Neuquen basin, said Crown Point Ventures Ltd., Calgary. Excessive rain delayed the program's start, but a rig is under contract and the first 6-7 wells will be multizone oil development in the Canadon Seco and Caleta Olivia formations. CPVL plans to drill 24 wells at El Valle in the next 2 years. CPVL also is undertaking 2-4 workovers at El Valle to access behind-pipe pay zones. This work is also to start in late March. The firm awarded a contract to electrify the lower part of El Valle field. The project is to be complete in 4-6 months. Electrification will enable installation o...
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