Page 16 - LatAmOil Week 04 2023

LatAmOil NEWS IN BRIEF LatAmOil

CPO-5 block: Average gross production up
64% to 20,235 bpd of oil. Two new development
wells, Indico 6 and Indico 7, together tested
over 11,000 bpd of oil gross, and are expected
to continue producing at a restricted rate of
approximately 8,000 bpd of oil gross, to con-
tinue testing overall reservoir conditions. These
new wells are temporarily shut-in (Indico 6 since
mid-December 2022 and Indico 7 since early
January 2023) as the operator is obtaining cus-
tomary regulatory approvals, and are expected
to resume production within the next few weeks.
Pre-drilling activities currently underway in the
Yarico exploration prospect, located adjacent to
the Mariposa field, targeting to spud the Yarico
1 exploration well in January 2023.
Llanos 87 block (GeoPark operated, 50%
WI): Two drilling rigs in operation. Tororoi 1
exploration well was spudded in October 2022
and reached total depth in December 2022. Pre- demobilisation fees, of $30.4mn on a dry-hole strong oil shows over a gross interval of 1,426
liminary logging information indicated hydro- case. metres MD commencing almost immediately
carbons in the Ubaque, Guadalupe (Barco) and The Ran is currently on a contract with Win- below the surface casing shoe at 466 metres MD,
Mirador formations. Initial testing activities car- tershall in Mexico, which is expected to keep entered about a week after drilling commenced.
ried out in the Ubaque formation with further the rig committed until Q2 2023. The Com- Numerous influxes of oil into the wellbore were
testing planned to continue in Q1 2023. Cur- pany remains in constructive discussion with recorded when flow checks were conducted
rently drilling two exploration wells (Picabuey other customers in the region for further work whilst drilling this interval, in addition to fluo-
1 and Zorzal 1), targeting to reach total depth in to cover the available time between these two rescence within samples and elevated mud gas
Q1 2023. programmes. readings in excess of 40%.
Oriente Basin, Espejo block (GeoPark oper- Borr Drilling, 20 January 2023 A significant (approximately 290 metres) of
ated, 50% WI): Pashuri 1 exploration well was this interval did not produce satisfactory logs
spudded in September 2022 and reached total Melbana Energy preparing due to poor hole conditions and therefore could
depth in October 2022. Preliminary logging not be factored into the estimates for the volume
information indicated hydrocarbons in the to drill first appraisal well of oil that may be present. Some of this interval
Napo formation. The well is currently producing saw the strongest oil influx into the well bore
400 bpd of oil gross. in Block 9, onshore Cuba experienced whilst drilling this interval.
Putumayo Basin, Platanillo block (GeoPark Regardless, the interval that was satisfacto-
operated, 100% WI): Average gross production Melbana Energy has provided an update on rily logged allow for an estimate of 48 net metres
up 37% to 2,292 bpd of oil. Alea NW 1 explo- preparations for its first appraisal well in Block of oil and gas pay across 11 zones totalling 415
ration well was spudded in September 2022. 9 PSC (Melbana 30%). metres of gross section. This was later inde-
Preliminary logging information indicated Preparations for the drilling of the Alam- pendently assessed to contain 2.5bn barrels of
hydrocarbons in the U and N formations. The eda-2 well to appraise the Amistad reservoir are OIP with a combined 88mn barrels of Prospec-
well has been producing 225 bpd of oil from the advanced. Mobilisation notices will be given to tive Resource (gross unrisked Best Estimate).
U formation. Currently testing the N formation, contractors in early March and drilling opera- The second appraisal well, Alameda-3, will be
with initial production rates of 245 bpd of oil. tions will commence following the removal of drilled later in the year and will test the deeper
GeoPark, 19 January 2023 the Alameda-1 wellhead and plugging and aban- Alameda and Marti intervals.
donment of that well. Drilling Plan: Alameda-2 is to be drilled off
Alameda-1, the first of two exploration wells the same drill pad as was used for Alameda-1.
PROJECTS & COMPANIES completed in Block 9 last year, targeted a large The design of Alameda-2 has been modified to
compressional structure compose of stacked incorporate the lessons learned from drilling
Borr Drilling receives LOA sheets of limestone separated by thrust faults. Alameda-1. The slimmer hole design now being
Oil was encountered within three gross inter-
employed should maintain better hole integ-
for work in Latin America vals identified as Amistad, Alameda and Marti rity, thus improving the likelihood of being able
structures. The Alameda-2 well, the first of two to log the sections where this was not possible
Borr Drilling has announced that its premium appraisal wells planned for this year, will test the previously.
jack-up drilling rig Ran has received a Letter of Amistad interval, which has been subdivided If successful, it is hoped this additional poten-
Award (LOA) from an undisclosed customer into three units. Mapping of these units reveal tial oil pay might allow for an increase of the pre-
for work in Latin America. This award will cover that Alameda-1 intercepted them downdip at all vious estimates for oil in place and Prospective
a two-well campaign with an estimated dura- levels, thereby suggesting there is considerable Resource contained in this interval. Otherwise,
tion of 200 days on a dry-hole case and up to updip potential above the established oil-bear- the trajectory if Alameda-2 is the same as Alam-
460 days on a success case. The work will com- ing zones with each unit extending over a large eda-1, other than modifying the deviation to
mence in October 2023 and has an estimated prospective area. allow Unit 3 to be penetrated in an updip struc-
contract value, including mobilisation and The top of the Amistad interval demonstrated tural position.

P16 www. NEWSBASE .com Week 04 25•January•2023