Ecopetrol reports oil discovery at Santander

Ecopetrol SA reported that the Boranda-2 ST well discovered the presence of crude in the Middle Magdalena basin, Rionegro, Santander.

Jul 12th, 2019

Ecopetrol SA reported that the Boranda-2 ST well discovered the presence of crude in the Middle Magdalena basin, Rionegro, Santander.

The well was drilled from the same platform as the Boranda-1 discovery well (finding reported in 2017 on the Playon block, now known as Boranda), some 1,200 m southeast.

Boranda-2 ST reached final depth of 13,932 ft, where the discovery of medium crude (23º API) was confirmed in the Eoceno basal sands. Initial tests produced a total of 2,397 bbl of oil accumulated and average production of 960 b/d, with a water cut of less than 2%.

The production unit at Boranda-2 ST is considered independent from the one found in the Boranda-1 production well and is 1,000 ft deeper.

Ecopetrol owns a 50% stake in the block, with the other 50% owned by Parex, who is the operator. Nearby are the Payoa and Provincia crude oil receiving stations and the Barrancabermeja refinery.

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