Project Profile
Value: Undisclosed
Location: Llanos basin, central Colombia
Production: Approx. 350 barrels of oil per day (bopd) and 1.5 million cubic feet per day (MMCFD) of gas
Area: 35,589 hectares
Start-up Year: December 2013
The El Edén block, covering an area of 35,589 hecatres, is operated by Parex Resources with a 60% stake. Petroamerica Oil Corp holds the remaining 40%. An exploration program, currently underway in the area, has uncovered light crude at the La Casona-1 well. Casona Discovery, El Eden Block (40% Working Interest). The La Casona long-term test facility commenced production operations on December 2, 2013, with La Casona-1 producing at restricted rates of approx. 350 barrels of oil per day (bopd) and 1.5 million cubic feet per day (MMCFD) of gas from the Une Formation. The produced gas is being compressed and sold and the rate will be restricted until trucking at the gas compression plant has been optimised.
The La Casona-2 appraisal well was drilled 600 meters away from La Casona-1, and is about to commence testing of the Mirador Formation, which was untested in the La Casona-1 well, using a service rig that was on location as of December 10, 2013. It is expected that test results will be available before end of 2013. The Rumi-1 exploration well, is a second well in the block and was spud on November 16, 2013, has reached its target depth of 14,620 feet and is being cased for testing. Wire-line logs indicate the presence of a gross hydrocarbon column of approx. 60 feet in the Une Formation of which 27 feet is interpreted to be net oil pay. Testing will be performed using the drilling rig so that results should be available before year end.
Operators:
Parex Resources: Operator with 60% interest
Petroamerica Oil Corp: 40% interest