Arrow Exploration Co. will bring Rio Cravo Este-2 (RCE-2) online on Tapir block in Llanos basin, Colombia.
The well was spud on Apr. 2, 2022, and targeted a large, three-way fault bounded structure with multiple high-quality reservoir objectives. The well was drilled to a total measured depth of 9,600 ft and encountered six hydrocarbon bearing intervals totaling 90 net ft of oil pay.
Zones Carbonera C7 and C7 Stringer tested at 2,000 b/d of oil peak rate of 28° API crude. The zone was tested for 19 hours at an average rate of 1,199 bo/d.
Initial testing of Zones Gacheta C, C1, and C2 indicates productive capacity of 300 bo/d of 27° API crude. The zone was tested for 14 hours at an average rate of 115 bo/d. Reserves have not been assigned to this zone previously.
Gacheta D zone tested 680 bo/d peak rate of 14° API crude. The zone was tested for 33 hours at an average rate of 362 bo/d.
The C7 zone is targeted to be on stream early next week, effectively doubling Arrow’s production. Production will be brought on slowly with production increases to best manage the oil reservoir.
The rig is being moved to the RCS-1 well, which is expected to spud before end May. Arrow’s current production exceeds 1,000 boe/d.
Production from existing tied-in wells combined with results from new drills in Colombia support Arrow’s objective of achieving a production rate of 3,000 boe/d within 18 months of its AIM listing (completed in October 2021).
Arrow Exploration is operator at Tapir (50%).