Area Drilling

ArgentinaA group led by Pluspetrol SA has hiked production to about 2,300 b/d of oil in the fourth quarter of 2005 on the Palmar Largo block in the Noroeste basin near the border with Paraguay.Latest well to go on production is Ramon Lista-1001, TD 4,301 m in January 2006. Production, initially 428 b/d, 10% water, from 15 m in Cretaceous Yacoraite at 4,132-47, stabilized at 340 b/d with low water cut. This zone is on production.The well also cut Yacoraite pay at 4,186-93 m and 4,149-69 m, said Gran Tierra Energy Inc., Calgary.Interests in the 301,700-acre Palmar Largo block are Pluspetrol 38.15%, Repsol YPF 30%, Cia. General de Combustibles SA 17.85%, and Gran Tierra 14%.Palmar Largo has ...

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