Project Profile
Value: Undisclosed
Location: Llanos Basin
Area: 25,205 gross acres
The Block is comprised of 25,205 gross acres in the oil-rich Llanos Basin in the Department of Casanare, Colombia. The Llanos basin is located towards the northern end of the long series of Sub-Andean basin extending from Argentina to Venezuela along the eastern side of the Andes Mountains.
The Block contains an undeveloped discovery well, La Cabana-1, that was drilled in 1984, on the flank of the 3D seismically defined San Sebastian prospect, and tested 736 bopd with water from the Mirador Formation and 338 bopd with no water from the Gacheta Formation, however was not put on production due to mechanical reasons. To date, there has been no commercial production on the Block; however, there are several undrilled prospects that have been identified on 3D seismic. Sagres anticipates drilling the first well in the second quarter of 2012 offsetting La Cabana-1 on its San Sebastian prospect with the second well to be drilled immediately thereafter.
Operators:
Union Temporal El Triunfo
Sagres Energy Inc. (Farmed out July 2012 to an unnamed international oil company)