Gran Tierra Power Inc. has made an oil discovery on the Charapa-B6 effectively on the Charapa Block in Ecuador.
The invention is positioned west of the not too long ago found Arawana-J1 and Bocachico Norte-J1 wells on the Chanangue Block, “additional underscoring the potential of this extremely potential area,” Gran Tierra President and CEO Gary Guidry, stated in a press release.
Gran Tierra stated it has run manufacturing casing, cemented, and perforated the Hollin oil zone and has begun manufacturing testing. The Hollin oil zone was perforated over 50 toes of reservoir with 45 toes of reservoir pay primarily based on log analysis.
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That is the primary exploration effectively drilled within the Charapa Block for the reason that profitable Charapa B5 effectively was drilled in 2022. The corporate stated it continues to “construct confidence and solidify understanding” of the Charapa and Chanangue Blocks with every profitable exploration effectively drilled. So far, the Charapa-B5 effectively has produced over 280 thousand barrels of oil.
In the meantime, the rig has been moved to drill the Charapa-B7 exploration effectively which was spud on August 9.
“The Charapa-B6 effectively marks our third oil discovery in 2024, and remarkably, our fifth in Ecuador since we resumed our exploration marketing campaign after the disruptions brought on by the pandemic,” Guidry stated.
“This collection of discoveries is a testomony to the dedication and experience of our crew, and it reaffirms the worth of our strategic concentrate on excessive affect near-field exploration in Ecuador. This discovery just isn’t solely a mirrored image of the profitable implementation of our exploration technique but in addition a powerful indicator of the promising future that lies forward for Gran Tierra in each Ecuador and Colombia. As we proceed to discover and develop our property within the Putumayo and Oriente basins, we anticipate to leverage our learnings from these exploration wells on either side of the border”.
Gran Tierra stated it has efficiently drilled 5 exploration wells in Ecuador, every resulting in an oil discovery. Three of the 5 wells are drawing medium to gentle hydrocarbons from distinct geological zones, highlighting the “distinctive potential of the Oriente and Putumayo basins and the numerous exploration alternatives that stay inside each the Charapa and Chanangue Blocks,” it famous.
Final week, Gran Tierra introduced it made a discovery on the Bocachico Norte-J1 effectively.
Gran Tierra stated it has run manufacturing casing, cemented and perforated the T-Sand oil zone and has begun manufacturing testing. The optimistic take a look at within the T-Sand builds confidence within the multizone potential (Basal Tena / U-Sand / T-Sand) for the Zabaleta effectively which is predicted to be drilled within the second half of 2024 and is 200 toes up dip from the latest Arawana discovery effectively.
Arawana continues to supply robust outcomes from the Basal Tena zone better than 900 barrels oil per day. The unreal elevate system will probably be transformed from a jet pump to {an electrical} submersible pump within the third quarter. The cumulative manufacturing so far from Arawana is roughly 74,000 barrels, in keeping with an earlier assertion.
“These discoveries are a testomony to our robust technical evaluation and understanding of the geology, in addition to our well-positioned land within the Oriente/Putumayo basin in Ecuador and Colombia. The manufacturing from the T-Sand and recognized internet pay within the B-Limestone and Basal Tena highlights the multi-zone potential in our blocks. The presence of a number of producing zones and the power to comingle manufacturing improve our operational flexibility and economics. Along with the Arawana discipline, we anticipate these fields to be key drivers of manufacturing development, reserve additions and free money circulate for the corporate for years to return,” Guidry stated.’
To contact the creator, electronic mail rocky.teodoro@rigzone.com
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