Colombia’s state Ecopetrol SA disclosed that its Venus-2 exploratory well in San Martin municipality of Meta Province had proved the presence of crude oil.
Colombia’s state Ecopetrol SA disclosed that its Venus-2 exploratory well in San Martin municipality of Meta Province had proved the presence of crude oil.
The well, on the CPO-11 block 90 miles south-southeast of Bogota, produced 630 b/d of 17° gravity oil with a 39% water cut on an electric submersible pump.
Ecopetrol, which holds a 100% interest in the block, plans to continue its exploratory efforts there in coming weeks. The company acquired the block in December 2008.