GeoPark, Hocol find hydrocarbons onshore Colombia
GeoPark Ltd. and Ecopetrol subsidiary Hocol, encountered hydrocarbons in a second oil well drilled in Llanos basin in central Colombia.
The well, Toritos 1, is part of Block Llanos 123, in the Meta department, where GeoPark serves as operator in the 50-50 partnership.
The well, drilled in rural Cabuyaro municipality, reached total depth in September. Hydrocarbons were found in the Barco (Guadalupe) and Gachetá formations, the companies said in a joint release.
The companies have initiated the testing phase, and the well is producing about 1,400 b/d of heavy crude oil with an API gravity of 14 degrees from the Barco (Guadalupe) formation.
The discovery follows an August discovery in the Saltador 1 well, which produces about 765 b/d of oil.
In total, production from Block Llanos 123 exceeds 2,100 b/d of oil, the companies said.
GeoPark and Hocol expect to obtain permits to begin drilling the Bisbita Centro 1 exploration well before yearend.
Camilo Ciruzzi | South America Correspondent
Ciruzzi is a journalist based in the Argentine province of Río Negro. He has over 30 years of experience in radio and print media. Ciruzzi studied Communication Sciences at the University of Buenos Aires and specialized in energy, political economy, and finance.
