Project Profile
Estimated value: US$7.2 million
Location: Putumayo basin, Colombia,
Approximate area: 550 sq. km.
Located in the eastern part of the proven and producing Putumayo-Oriente Basin, the PUT-14 Licence is prospectively positioned within the main play fairway immediately east and up-dip from several proven nearby fields in Colombia, and on-strike with others across the border in Ecuador. These fields all produce from stacked Cretaceous reservoirs including the prolific Villeta Formation. Although the PUT-14 block remains largely unexplored, the existing legacy 2D seismic data clearly shows both structural analogues to some of the producing fields in adjacent blocks, and highly prospective indications of a series of potentially large N-S oriented pinch-out stratigraphic plays that run through the block. These plays are currently known to be the focus of exploration by other operators immediately to the north of Gulfsands\' acreage. The position of PUT-14 at the edge of the eastern Putumayo Basin and directly up-dip of producing reservoirs makes it an exciting project that can be quickly de-risked with a new and modern 2D seismic campaign. Gulfsands has commenced the Consulta Preva work on the PUT-14 block and is seeking a partner for the planned seismic and drilling operations.
Operators:
Gulfsands Petroleum