Colombia: Llanos Los Ocarros block interests realigned

Parex Resources Colombia Ltd. and Petroamerica Oil Corp., Calgary, plan to begin a long-term test of the Las Maracas oil discovery well and spud an appraisal well in the second quarter of 2012 on the 110,400-acre Los Ocarros block in Colombia’s Llanos basin.

Alan Petzet

April 17, 2012

The Las Maracas-2 sidetrack tested at rates as high as 938 b/d of 37° gravity oil in August 2011.

Through various transactions the companies expect to emerge with 50-50 participating interests in the block, subject to approval by Colombia’s ANH.

About the Author

Alan Petzet

Chief Editor Exploration

Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.

Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.