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Ecopetrol, Hocol test oil at 4 fields
Source: Bnamericas
Date: 03/13/2008 00:00
Colombia`s state oil company Ecopetrol and the Colombian Hocol subsidiary of French oil company Maurel & Prom have tested oil at four fields in Colombia`s High Magdalena valley, the companies said in separate statements.
The Balcon-22 development well on the Palermo association contract was drilled to a total depth of 10,327ft (3,148m). An oil-bearing level in the Caballos formation flowed at 950b/d of 31 degree API oil.
Hocol operates the block with a 50% interest. Ecopetrol holds the balance.
The well has been connected to the existing surface installations that will allow for the immediate incorporation of the new production. The Balcón field now produces close to 5,500b/d, according to Ecopetrol.
PACANDE SUR-2
The Pacande Sur-2 appraisal well on the Ortega incremental production contract also flowed at 800b/d of 28.5-degree API after four hydrocarbons-bearing levels in Caballos were reached.
The well was drilled to a total depth of 7,822ft and three of the levels were drilled for the first time. The new production was immediately incorporated into existing production facilities.
Two exploration wells will be drilled in the first half of 2008 in structures adjacent to Pacande Sur-2.
Hocol has a 69% interest in the block and Ecopetrol holds the balance.
SAN JACINTO, RIO PAEZ
Maurel & Prom also reported that La Canada Norte-2 appraisal well drilled on the San Jacinto & Rio Paez association contract tested an additional 220b/d of 34-degree API oil.
La Canada Norte-3 on the same contract tested an additional 80b/d of 34 degree-API oil.
Hocol operates the contract with a 36.67% interest. Colombian oil company Cepcolsa has a 33.33% interest and Brazil`s Petrobras (NYSE: PBR) 30%. Ecopetrol has the right for up to a 50% interest when commerciality is declared.
Maurel & Prom`s share net of oil tax from the four new wells is 938b/d, the company said in a statement.

