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Parex's Rumba Discovery on Production
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Parex Resources Inc., a company focused on Colombian oil exploration and production, provides an operational update.
Operational Highlights Grew Q2 (April 1-June 30, 2015) average oil production to 27,025 barrels of oil per day (bopd) compared to production guidance of 26,500 bopd and an increase from the prior period production of 26,729 bopd; strong>Commenced production at the Rumba exploration discovery from the Mirador Formation on June 20, 2015 (Block LLA-26, 100% WI). The Rumba-1 well is producing at an initial restricted rate of approximately 1,000 bopd of 19 API oil with a water cut of less than 1%; Drilled Rumba-2, an appraisal follow-up to Rumba-1 on June 19, 2015. Rumba-2 was programmed to evaluate the Mirador formation approximately 1 kilometer north-east of Rumba-1. Initial…- ✓ Full news archive — U.S., Canada & international coverage
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