Colombia’s Ecopetrol made an oil discovery with the Búfalo-1 well in the Valle Medio del Magdalena, near the town of Guaduas, Department of Cundinamarca. The finding recorded a depth of 1,153 m, in the Middle Magdalena Valley basin, and confirmed the presence of dry gas and light crudes in the Grupo Honda.
Bufalo-1 is operated by Ecopetrol with 51% interest. Its partner CPVEN E&P Corp. holds a 49% interest. The well is the first discovery in the VMM32 exploration contract.
The Bufalo-1 well is close to Ecopetrol's transport infrastructure, which could facilitate its commercial production stage, the company said.
