Ecopetrol finds oil, gas in Putumayo basin

Ecopetrol SA discovered hydrocarbons in the Alqamari-2 exploration well in Orito, Putumayo, Colombia.

The well reached a total depth of 9,287 ft (2.8 km) in the Putumayo basin, where gas and light oil (31 degrees API) were found in Sand "N" of the Villeta Group, with a flow of more than 1,800 b/d of oil, the company said in a release last week.

The rate of associated gas produced by the well reaches up to 825,000 cfd. The water cut is less than 1%, the company said.

Alqamari-2 is operated by Ecopetrol with 100% interest.

The discovery lies close to producing fields and existing infrastructure, the company said, and should the company advance toward the development stage, the discovered resources “could quickly migrate to reserves,” contributing to Colombia’s hydrocarbons, the company said.