Canacol expects May production start for Esperanza tie-in

April 14, 2021
Canacol Energy Ltd. will tie in the Esperanza block Cañahuate 4 development well in the Lower Magdalena basin of northwestern Colombia with production expected to begin early May.

Canacol Energy Ltd. will tie in the Esperanza block Cañahuate 4 development well in the Lower Magdalena basin of northwestern Colombia with production expected to begin early May (OGJ Online, Mar. 2, 2021).

The well encountered 72 ft true vertical depth of gas pay within the upper Cienega de Oro sandstone reservoir.

Canacol also drilled the Milano 1 exploration well but did not encounter commercial gas. The well has been plugged and abandoned.

The rigs are being mobilized to drill the Nelson 9 development well and Aguas Vivas 1 exploration well. Each will take about 5 weeks to drill and test.

The wells are part of the company’s 2021 drilling program in which it expects to drill 12 wells (9 exploration, 3 development), all operated with 100% working interest.