BP Exploration will spend $200 million this year on a fast track appraisal of its Cusiana oil and gas discovery in Colombia.
The decision to channel more funds into Colombia follows encouraging initial results from BP's 1 Buenos Aires well, 3.1 miles south of 2A Cusiana, which established Cusiana as a significant discovery (OGJ, July 15, 1991, p. 47).
BP's 1 Buenos Aires, drilled to 16,000 ft, cut a gross hydrocarbon column of 881 ft in three successive zones: Eocene Mirador and Paleocene Los Cuervos and Barco.
BP called the results "very encouraging." It has begun tests to confirm flow rates and the likely mix...