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Hocol Finds Gas Discovery in Colombian Caribbean - Pozo Arrecife 1 ST

Source: www.gulfoilandgas.com 4/4/2019, Location: South America

The Arrecife 1ST well proved the presence of gas in the Municipality of Pueblo Nuevo, Cordoba. The Arrecife well is part of the Exploration and Production contract signed between HOCOL and the National Hydrocarbons Agency (ANH) VIM-8, where Hocol has a 100% interest.

HOCOL, a company of the Ecopetrol Group, has announced a new gas discovery in the Arrecife-1ST well, located 70 kms south-east of Monteria, in the municipality of Pueblo Nuevo, department of C?rdoba.

The Arrecife 1ST well was successfully drilled between August 20 and September 20, 2018. The well reached a final depth of 10,050 feet (3,020 meters) reaching the Upper Oro Cienaga formation at a depth of 7,173 feet (2,186 meters).

The records and information taken during the drilling indicate that the well found sandstones with natural gas at several intervals of the Cienaga de Oro Superior Formation of Miocene geological age. The presence of gas was checked by initial tests and is distributed in several intervals. During the initial tests, gas production took place between 3 and 10 MMCFD (millions of cubic feet per day), with very low condensate content and no formation water production.

Hocol is advancing the corresponding analyzes to determine the plan of extensive tests to be followed in the coming months.

'This discovery leverages the exploratory strategy of Hocol and the Ecopetrol Group, which continues to strengthen its position as a gas producer in northern Colombia,' said Rafael Guzman, President of Hocol.

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