Canacol Vitality Ltd. has declared the Pomelo 1 properly a pure gasoline discovery, within the newest of profitable drilling campaigns in Colombia’s Magdalena Basin.
Drilled to a complete depth of 12,276 ft, the exploration properly confirmed 96 ft of true vertical depth of internet gasoline pay with a mean porosity of 21 % within the main Cienaga de Oro (CDO) sandstone reservoir, Canacol mentioned in a information launch.
“The CDO reservoir was perforated over a 48-foot Interval and was tied into the prevailing flowline to the Betania substation”, added the Calgary, Canada-based firm specializing in Colombia. “The properly is producing with a downhole gauge into the Jobo gasoline therapy facility.
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“The properly began at a manufacturing fee of 4 million normal cubic ft per day (MMscpd) for six hours at a choke 21/128”. The speed was subsequently elevated to six MMscfd and eight MMscfpd for six hours and 24 hours respectively.
“The properly was examined at a fee of as much as 10 MMscfpd at choke of 30/128”, and is now producing into the Jobo gasoline therapy plant at a managed fee of 8 MMscpd”.
Canacol mentioned it was mobilizing the rig that drilled Pomelo to the Chontaduro 1 exploration properly, which sits about three kilometers (9,842.5 ft) of the brand new discovery.
Anticipated to be spudded earlier than April, “[t]he Chontaduro 1 properly is concentrating on the CDO sandstone reservoir, with a secondary uphole goal inside the Porquero sandstone reservoir, each of that are productive within the space”, Canacol mentioned.
The wells sit within the VIM21 exploration and manufacturing contract, which is 100%-owned by Canacol. The standard gasoline contract covers 27,410 acres, in keeping with data from Canacol’s web site.
The Pomelo discovery follows that of the Lulo discovery in VIM21 final 12 months. Drilled to a complete depth of 8,434 ft, the Lulo 1 exploration properly encountered 207 ft of true vertical depth of internet gasoline pay with a mean porosity of 21percent in the identical reservoir as Pomelo, Canacol mentioned in a press launch Could 3, 2023.
VIM21 is considered one of 11 Canacol gasoline contracts within the Decrease and Center Magdalena basins of the South American nation, which whole 1.5 million internet acres. Just one has been put into manufacturing, the 16,055-acre Esperanza, based mostly on Canacol’s on-line stock of its property.
Canacol holds a 100% stake in 10 of the contracts. India’s state-owned ONGC Videsh Ltd. owns a 50 % curiosity within the SSJN7 contract, Canacol says on its web site.
Apart from gasoline, Canacol additionally owns oil property in Colombia by means of 20 % stakes within the VMM2 and VMM3 contracts with operator Houston, Texas-based ConocoPhillips Co., in addition to the manufacturing Rancho Hermoso contract (30 %) with Colombia’s state-owned Ecopetrol SA.
Canacol had 106.6 million barrels of oil equal in confirmed and possible (2P) oil and gasoline reserves, valued at $1.8 billion post-tax, as of yearend 2023, it mentioned in an replace March 21.
“In 2023 we added 20 Bcfe [billion cubic feet equivalent] of 2P reserves and deemed volumes, a rise of three %, and added 21 Bcfe to the 1P [proved] reserve and deemed volumes for a rise of 6 %”, chief working officer Ravi Sharma mentioned in an announcement on the time.
“Our core fields, Clarinete, Nelson, Aguas Vivas and Pandereta proceed to carry out properly and noticed will increase in 1P reserves.
“Our 2P will increase have been restricted as a consequence of lack of exploration success on the close to subject Cereza and Piña Norte prospects, and our lack of ability to get the Natilla exploration properly drilled to the goal interval as a consequence of technical difficulties drilling the properly and the sidetrack”.
To contact the writer, e mail jov.onsat@rigzone.com
