Project Profile
Value: US$100-150m (estimate)
Location: 7 kilometres from the processing facilities of the Villano field, Block 10, approximately 260 kilometres southeast of Quito, Ecuador
Reserves: 300 million barrels of oil in place (estimate)
Production: 2,000 barrels of oil per day
Depth: 6,450 feet
Discovered: 2014
The Oglan discovery is located in Equador, just 7 kilometres from the processing facilities of the Villano field, also inside Block 10, which currently produces approximately 12,500 barrels per day. During drilling the Olgan -2 well, situated in the Olgan discovery, was drilled to a total depth of 6,450 feet, and encountered a 236 foot net crude oil column (16° API). During a production test, constrained by surface facilities, the well flowed at 1,100 barrels of oil per day. The data acquired in Oglan well indicate a production capacity per well up to 2,000 barrels of oil per day. Early estimates suggest that the Oglan discovery potentially contains about 300 million barrels of oil in place.
Operators:
ENI: Operator with 100% interest
Contractors:
Subcontractors: