Multipay oil discovery kick-starts eastern Llanos heavy oil blocks

Colombian subsidiaries of two Canadian companies have drilled a heavy oil discovery on the CPE 6 block in Colombia's Llanos basin that appears to have light oil potential.The Guairuro discovery came in July 2010 on the southwesternmost of the eight frontier heavy oil development blocks for which Colombia secured full participation in an invitation-only proceeding. The country awarded the blocks in July 2008 for 3 years.Pacific Rubiales Energy Corp., Toronto, and Talisman Energy Inc., Calgary, share the CPE 6 block 50-50.ExxonMobil Corp. said earlier this year it was planning an exploration program of 2D seismic surveys and drilling stratigraphic core holes on 6.4 million acre CPE 3, on tr...

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