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GeoPark Touts New Oilfield Discovery Onshore Colombia

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GeoPark Touts New Oilfield Discovery Onshore Colombia

GeoPark Limited has reported the successful drilling and testing of the new Aruco 1 exploration well in the Llanos 34 Block in the central Llanos basin in Colombia. GeoPark operates and has a 45% working interest in the Llanos 34 Block.

GeoPark drilled and completed the Aruco 1 well to a total depth of 10,705 feet.  A test conducted with an electrical submersible pump in the Guadalupe formation, at approximately 10,075 feet, resulted in a production rate of approximately 1,154 gross barrels of oil per day of 16.8° API, with approximately 4.8% water cut, through a choke of 42/64 inches and well head pressure of 193 pounds per square inch. Further production history will be required to determine stabilized flow rates and the extent of the reservoir.

The Aruco discovery represents the sixth…

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