Gulf Oil and Gas accountACCOUNT

Ecopetrol & Pacific Take Decision Concerning the Quifa SW STAR Pilot Project

Source: www.gulfoilandgas.com 7/24/2014, Location: South America

Ecopetrol S.A. and Pacific Rubiales Energy Corp. announced at a meeting of Ecopetrol's board of directors in which the Synchronized Thermal Additional Recovery ("STAR") pilot project being developed in an area of the Quifa SW field was considered; and based on the technical analysis of the pilot a decision was made to adopt the recommendations included in the technical report prepared on June 6, 2014, entitled: "Joint Pacific Rubiales Energy - Ecopetrol S.A meeting, a review of the technical results of the STAR project" (the "Report").

The Report was prepared by technical teams appointed by Ecopetrol and Pacific Rubiales on April 22, 2014 to jointly examine the results of the STAR pilot project. The Report is limited to the results of the pilot project and does not constitute a ruling on the assessment of the STAR technology.

The recommendations contained in the Report are as follows:

In light of the fact that Ecopetrol and Pacific Rubiales are in agreement to consider that the STAR pilot project has provided sufficient information required for the evaluation of the technology and has reached the final approved date, both companies agree to recommend that:

- The STAR pilot project be concluded.

- That the process of closing the project should be carried out by reducing on a scheduled basis the injection of air in the IV2 well in order to obtain additional information concerning the extinction of the thermal front in the area of the STAR pilot project in the Quifa SW field. In the time that remains of the authorized injection approved by the Agencia Nacional de Hydrocarburos ("ANH"), the injection air flow should be reduced until it has reached zero flow by the authorized end-date. The closing process should be carried out in a manner that ensures the operational continuity of the Quifa partnership, safety conditions and environmental regulations.

- A technical team be appointed to conduct a comprehensive post-pilot study.

Ecopetrol and Pacific Rubiales will closely monitor the conclusions resulting from this post-pilot study. The pilot project allowed the companies to acquire valuable knowledge and experience concerning the use of technologies based on in-situ combustion recovery.

The two companies reiterate their interest in continuing to work together on the analysis and development of these and other initiatives that will help increase recovery factors and hydrocarbon production in joint operated fields to the benefit of both companies and the country.

Development News in Colombia >>

Morocco >>  2/17/2020 - Sound Energy, the Moroccan focused upstream gas company, announced on 6 November 2019 that the Company had entered into non-binding heads of terms (HO...
Papua-New Guinea >>  1/31/2020 - Papua New Guinea called off negotiations with Exxon Mobil regarding the P’nyang gas project, casting a shadow on a $13 billion plan to double the coun...

Russia >>  1/28/2020 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, took place in Moscow....
Iran >>  1/25/2020 - Iranian Minister of Petroleum Bijan Zangeneh said Iran's Petropars was developing Phase 11 project of South Pars gas field as CNPC International and T...

Senegal >>  1/22/2020 - FAR Limited has signed a binding Memorandum of Understanding (“MoU”) with Glencore Energy (UK) Ltd for the full allocation of the Company’s share of c...
Russia >>  1/29/2019 - Gazprom Neft has won a licensing round for subsoil prospecting, exploration and production rights to the Severo-Stakhanovsky, Novoromanovsky and Puhut...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Colombia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 |

Oil & Gas Projects in Colombia >>

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.