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Canacol

Canacol Energy tests natural gas production in new fields

Canacol Energy Tests 30 MMSCFPD natural gas production at the Ocarina 1 Well and 29 MMSCFPD at the Nelson 7 Well

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The Ocarina 1 Exploration Well Tests 30 MMscfpd

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On June 10, 2019 drilling commenced on the Ocarina 1 well and reached a total depth of 8,751 feet measured depth in 15 days. today Ocarina 1 in Colombia’s Magalena Valley completed tests to yield well results of 30 million cubic feet of gas per day (MMscfpd) at a tubing head pressure of 913 psi, in the CiĆ©naga de Oro (“CDO”) sandstone reservoir.

The well will connect to the Jobo production facilities through the Pandereta flowline and will be placed on permanent production in late July 2019.

 

Nelson Development Well 7 Tests 29 MMscfpd

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On April 21, 2019 reached a total depth of 9,300 feet measured and a flowed at a final rate of 29 MMscfpd at a tubing head pressure of 770 psi.

The company anticipates drilling the Pandereta 5 well before the end of July 2019.

 

What’s Next

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Canacol explained that the Pioneer 53 drilling rig is currently mobilizing to drill the Pandereta 5 appraisal well, which will test the extension to the west of the Pandereta field located in the Lower Magdalena Valley (VIM 5) block that the corporation discovered in late 2017.

The appraisal well will test the same CDO reservoir currently producing from all wells in the Pandereta field.

A successful result at Pandereta 5 could result in a significant increase in the Pandereta field’s proved plus probable (2P) reserves.

As of December 31, 2018, the Pandereta field’s 2P reserves were 100 million cubic feet according to the corporation’s independent reserves auditors.

Canacol plans to drill the Pandereta 5 well before the end of July 2019. The well will take approximately five weeks to drill, complete and test.

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