Exploration & Production | Discoveries | Top Story
GeoPark Hits New Discovery at Chile's Campanario Block
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GeoPark Limited has reported the discovery of a new oil field in Chile.
Primavera Sur 1 well marks the first discovery of an oil field on the newly-acquired Campanario Block in Tierra del Fuego, Chile. GeoPark operates and has a 50% working interest in the Campanario Block, in partnership with Empresa Nacional de Petroleo de Chile, the Chilean state-owned company.
GeoPark successfully drilled and completed the Primavera Sur 1 well to a total depth of 8,025 feet. A test conducted in the Tobifera formation, at approximately 7,750 feet, resulted in a production rate of approximately 215 gross barrels of oil per day ("bopd") of 39.9° API. Further production testing will be required to determine stabilized flow rates and the extent of the reservoir. Surface facilities and infrastructure have…
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