Project Profile
Location: CPO-07 block in Llanos basin
Oil Reserves: 1,500 Million barrels of recoverable oil
CPO-07 is a high-potential block given its proximity to and correlation with the neighbouring productive Ocelote and Caracara fields. PetroNova holds a 20% working interest in block CPO-7, located in the heavy crude oil area of the Llanos Orientales Basin. This Basin has the highest exploratory potential in the country. Recent multiple oil discoveries in the Quifa Block (Pacific Rubiales) suggests that the Rubiales and Quifa accumulations extend into Block CPO-7. Thus far in the Basin’s development, 1,500 Million barrels of recoverable oil has been officially documented. Two giant fields (Cano-Limon and the Castilla), three major fields (Rubiales, Apiay and the Tame Complex) and over 50 minor fields have been discovered. In 2011, the operator obtained environmental license for the field and completed a 2D seismic interpretation. In 2012, 3 exploratory wells were drilled.
Operators:
Tecpetrol Colombia: Operator with 80% interest
Gran Tierra (acquired Petroamerica): 20% working interest