Parex Resources abandons Chirimoya well

July 17, 2023
Parex Resources has abandoned the Chirimoya exploration well in Colombia. All three prospective zones were evaluated. With testing complete, it was confirmed that the potential reservoirs had no economic hydrocarbons.

Parex Resources Inc., Calgary, has abandoned the Chirimoya exploration well at VIM-43 (100%) in the Magdalena basin in Colombia. All three prospective zones were evaluated. With testing complete, it was confirmed that the potential reservoirs had no economic hydrocarbons.

Parex had previously reached the wells’ target depth of about 17,500 ft, and following open hole evaluation, including logging operations, decided to case and test the well. The company was targeting condensate and gas.

Chirimoya was the first prospect in a three well 2023 exploration program. The Northern Llanos Arauca-8 well at Arauca (50%) and the Llanos Foothills Arantes-1 well at LLA-122 (50%) are expected to spud in this year’s fourth quarter.