Project Profile
Value: Undisclosed
Location: Lower Magdalena Basin of Colombia
Reserves: 540 billion cubic feet
Production: Unknown
Area: Unknown
Depth: 8,068 ft md
Start-up Year: -
The Clarinete 1 exploration well was spud on October 8, 2014, and reached a total depth of 8,068 feet measured depth (“ft md”) on November 7, 2014. The primary objective of the well were sandstones of the Tertiary aged Cienaga de Oro (“CDO”) sandstone, the main producing reservoir at the Nelson and Palmer fields in the adjacent Esperanza contract where Canacol has a 100% operated working interest. Clarinete 1 encountered the top of the CDO reservoir on prognosis at 5,926 feet subsea with excellent dry gas shows encountered while drilling throughout the CDO all the way to basement. The Clarinete 1 encountered 149 feet of potential gas pay with average porosity of 26% within the CDO sandstone reservoir based upon an evaluation of the open hole logs. The Corporation plans to commence production testing operations on the Clarinete 1 well in mid-January 2015. Canacol is the operator of the project with 100% interest. As per the previously disclosed independent evaluation of the prospective resources associated with the Clarinete prospect by Gaffney Cline and Associates, the pre drill best estimate of unrisked gross prospective gas resource associated with the Clarinete discovery is approximately 540 billion cubic feet. The Corporation has engaged its reserves auditors to prepare a reserve and contingent resource report for the Clarinete discovery following the completion of the testing program.
Operators:
Canacol: Operator with 100% interest
Contractors:
Gaffney Cline and Associates: Independent evaluation of the prospective resources associated with the Clarinete prospect
Subcontractors: