Page 13 - LatAmOil Week 02 2020

LatAmOil
NEWS IN BRIEF
LatAmOil
UPSTREAM
Centaurus Energy
announces production
test of horizontal multi-frac
well at Coiron Amargo Sur
Este in Vaca Muerta
Centaurus Energy is pleased to announce Pan American Energy (“AE), Centaurus’ partner, successfully completed and tested the CASE- 501h multi-frac well in the Vaca Muerta Shale Formation at the Coiron Amargo Sur Este (CASE) block in Argentina. This is the second of a five well programme.
The well was drilled with an approximate horizontal lateral length of 2,000 metres at a ver- tical depth of approximately 3,100 metres. The CASE-501h was connected to early production facilities on November 9, 2019. CASE-501h achieved a 30 day average initial production (IP30) rate of rate of 1,003 barrels per day (bpd) of oil with an average wellhead pressure of 4,885 psi, significantly higher than the CASE-101h well.
The CASE-401h horizontal multi-frac well, the third of the five well program, was completed
and connected to early production facilities on January 7, 2020. The company expects to announce the CASE-401h IP30 results in due course.
The CASE-501h and CASE-401h wells are part of the pilot programme covered by the loan facility that Centaurus has with PAE, which will be repaid with the net production proceeds from 100% of Centaurus’s interest in the CASE block. Centaurus holds a 35% working interest in the CASE block.
Centaurus is an independent upstream oil and gas company with both conventional and unconventional oil and gas operations in Argentina.
Centaurus Energy, January 15 2020
Columbus Energy
provides update
on drilling of Saffron
well onshore Trinidad
Columbus Energy has announced an update for its Saffron well, onshore Trinidad. The com- pany has successfully completed drilling and casing operations for the Saffron well, reaching a total depth (TD) of 4,634 feet (1,412 metres) as planned.
The company completed open-hole logging to a depth of 2,545 feet (776 metres), with cased hole logging to TD currently underway with processing and interpretation to be completed in the coming weeks.
In the Upper, Middle and Lower Cruse (the tertiary, secondary and primary targets), the Company drilled multiple sand packages with high sandstone content and multiple oil shows to TD. The full potential of the well will be eval- uated in the coming weeks upon the processing and interpretation of the cased hole logging.
The company is planning to complete and test the Saffron well in Q1 2020.
Leo Koot, Executive Chairman of Columbus, commented: “The company is very pleased to have successfully completed the drilling of the Saffron well. Our drilling team has done a fan- tastic job in reaching target depth in a very com- plex geological area. I am excited that we have encountered multiple sand packages and mul- tiple oil shows to TD, as we had hoped, includ- ing in the Lower Cruse, which was our primary target. I believe this confirms the potential of the South West Peninsula.
“The company has gained an enormous amount of knowledge about how to successfully drill wells in the South West Peninsula, and we look forward to seeing the interpreted logging data and completing and testing the Saffron well in Q1-2020.
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