A production test of the Guaco 1 exploration well in the Llanos 34 block (GPRK op, 45% WI) in the Guadalupe formation, using an electric submersible pump, resulted in c. 960 bbl/d of 24.6 degrees API oil with a 0.3% water cut. This is the first oil discovery along this trend and potentially opens up a new play with 20-40 mmbbl resources (9-18 mmbbl on a working interest basis).
24 Sep 2019
FLASH: New oil discovery in Llanos Block 34
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FLASH: New oil discovery in Llanos Block 34
GeoPark Ltd (0MDP:LON) | 0 0 (-1.2%) | Mkt Cap: 598.8m
- Published:
24 Sep 2019 -
Author:
Stephane Foucaud -
Pages:
2
A production test of the Guaco 1 exploration well in the Llanos 34 block (GPRK op, 45% WI) in the Guadalupe formation, using an electric submersible pump, resulted in c. 960 bbl/d of 24.6 degrees API oil with a 0.3% water cut. This is the first oil discovery along this trend and potentially opens up a new play with 20-40 mmbbl resources (9-18 mmbbl on a working interest basis).