Exploration & Production | Drilling / Well Results | Key Wells | Production Rates
Canacol Sees Successful VIM 5 Well Test
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Canacol Energy Ltd. has announced that Clarinete 1, the first well drilled in its recently acquired VIM 5 Exploration and Production (E&P) Contract, has tested at a final gross rate of 20.6 million standard cubic feet per day (mmscfpd) (3,606 boepd) of dry gas with no water in the first of two planned production tests over two separate reservoir intervals.
Canacol, through its wholly owned subsidiary CNE Oil & Gas S.A.S., holds a 100% operated interest in the VIM 5 E&P contract. Pursuant to an existing agreement, and subject to approval from the Agencia Nacional de Hidrocarburos, an industry joint venture partner has the ability to earn up to 25 percent of the Corporations 100 percent interest in exchange for fulfilling certain financial commitments.
Both gas sales from Esperanza…
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