Ecopetrol to evaluate Tempranillo find in Colombia

Eric Watkins
Senior Correspondent

LOS ANGELES, Apr. 30 -- Columbia's state-owned Ecopetrol will soon begin evaluating an oil and gas discovery in Colombia's southern province of Huila.

The find, the Tempranillo-1 well, was drilled in the Upper Magdalena Valley basin and is part of Ecopetrol's wholly owned 10,184-hectare Brisas-Lomalarga-Dina-Potrerillo block.

"During these tests, crude and gas flowed…without artificial assistance. The crude is light and flowed at rates that varied between 1,600-2,400 b/d," Ecopetrol said, adding that gas output averaged 2-2.75 MMcfd.

"With the results obtained in the initial tests, Ecopetrol will draft a plan to evaluate the discovery's potential, including an extensive test period that will begin in the next few weeks," the company said.

Tempranillo-1 is one of 20 wells that Ecopetrol plans to drill this year. Currently, the company produces about 19,000 b/d in Huila.

Contact Eric Watkins at [email protected].