Chile: GeoPark developing Magallanes basin oil field

GeoPark Holdings Ltd. will drill two to three more wells in 2013 in Konawentru oil field on its 100% owned Fell block in the Magallanes basin in southern Chile.
Dec. 12, 2012

GeoPark Holdings Ltd. will drill two to three more wells in 2013 in Konawentru oil field on its 100% owned Fell block in the Magallanes basin in southern Chile.

The 2011 discovery well, Konawentru-1, is making 1,120 b/d of oil, and its cumulative production exceeds 710,000 bbl of oil.

The most recent completion, Konawentru-4, went to 3,102 m total depth and flowed 730 b/d of oil with 462 psi wellhead pressure on a 10-mm choke on a production test of Jurassic Tobifera open hole at 3,031 m. Surface facilities are in place, and the well is to be produced at 700 b/d initially until production history has indicated a stabilized flow rate.

Further development of the field will begin immediately with the drilling of the Konawentru 3 well.

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