Repsol and Ecopetrol discover more oil in a Colombian well
of heavy crude oil (16°API), characteristic of this hydrocarbon-producing area of Colombia.
The discovery is located in block CPO 9, where Ecopetrol is the operator with a 55% stake and Repsol is a partner with 45%. The well through which the discovery was made reached a total depth of 7,832 feet (approximately 2.4 km), testing hydrocarbons in the operational K1 formation, at a depth of 7,500 feet measured depth (approximately 2.2 km) from the surface.
No accidents to people or industrial processes were recorded during the drilling work, nor were there any environmental incidents.
Repsol is a partner in this well with 45% of the capital.
The initial tests produced a total of 7,329 barrels of crude oil with a water cut of 1%. The companies will submit an evaluation plan to the National Hydrocarbons Agency (ANH), after which an extensive testing phase will begin in order to determine the potential and size of the new reservoir.
This well has a strategic location, because it is close to Ecopetrol’s Castilla and Chichimene fields in the department of Meta, where a large part of Colombia’s oil production is extracted. This feature allows to take advantage of the existing oil infrastructure in the area to facilitate the future development of the discovery.
“Ecopetrol and Repsol are committed to continue searching for new oil and gas reserves to guarantee energy security for Colombians, so the Tinamú-1 discovery is one more step towards achieving that goal,” said Ricardo Roa, president of Ecopetrol S.A.
Repsol came to Columbia in 1983 to develop exploration and production activities throughout the country. Colombia is a strategic country for the company and one of the key areas for its development.
