In September 2016, Canacol added a second drilling rig in the Lower Magdalena Basin targeting the addition of c 100bcf of recoverable resource to its 2P 390bcf (end 2015) gas reserve base. More gas resource is expected to underpin new sales contracts and a planned increase in productive capacity from 100mmcfd to 190mmcfd. Recent successes at Oboe-1 (28bcf), Nispero-1 and Trombon-1 (Nispero/Trombon combined 40bcf pre-drill) and a five-year rolling 64% exploration success rate gives us confiden
26 Oct 2016
Expanding gas resource base
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Expanding gas resource base
In September 2016, Canacol added a second drilling rig in the Lower Magdalena Basin targeting the addition of c 100bcf of recoverable resource to its 2P 390bcf (end 2015) gas reserve base. More gas resource is expected to underpin new sales contracts and a planned increase in productive capacity from 100mmcfd to 190mmcfd. Recent successes at Oboe-1 (28bcf), Nispero-1 and Trombon-1 (Nispero/Trombon combined 40bcf pre-drill) and a five-year rolling 64% exploration success rate gives us confiden