Azabache Energy Inc. has commenced a fracture stimulation of its Cvo.x-2 well on the Covunco Norte-Sur Block in Argentina. This completion operation will involve eight clusters of perforations in three stages with the Vaca Muerta Shale Formation planned to be stimulated by a total of 12,357 sacks (561 tonnes) of proppant. Schlumberger (Argentina) planned and will perform the fracture stimulation. The stimulation operation is expected to last a total of three days followed by a ten day test period.
This stimulation satisfies remaining commitments under the Company's Covunco Norte-Sur Block license and is aimed at proving a sufficient hydrocarbons flow from the Vaca Muerta Shale Formation to request an extended evaluation period from the Province of Neuquén. In addition, it is expected to provide valuable information to improve production techniques for the Vaca Muerta in a relatively new region of the Neuquén Basin.
It should be noted that this fracture stimulation programme was designed based on Schlumberger's local and worldwide experience, including results from recent operations in the Neuquén Basin. Since Azabache's leases are located in a different, relatively unexplored part of the Neuquén Basin, the planned programme might not be optimal for this area and several more wells might be needed to optimize the fracture stimulation programmes.
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