Hupecol Operating, an affiliate of Hupecol Meta LLC, has started drilling operations on a well in the CPO-11 Venus exploration area in Colombia’s Llanos basin, according to interest holder Houston American Energy Corp.
Future activities in area will be based on results of the first two wells, the company said in a May 24 release.
The well is Houston American's first to be drilled on the 69,128-gross acre area.
The Venus Exploration Area, and a 50% interest in the larger CPO-11 block, are held by Hupecol Meta. Houston American, through its ownership interest in Hupecol Meta, holds a 6.99% working interest in the subject well and Venus exploration area (OGJ Online, Oct. 22, 2019; Dec. 5, 2019).
