Exploration & Production | Operational Updates
Petroamerica Plans 5 Colombian Wells in 2014
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Petroamerica has provided an operations update.
Operations Update Company ProductionMarch production averaged 6,506 boepd (Company working interest) compared to average production of 6,497 boepd for the previous month, setting a Company record for average monthly production.
Rumi (Non-operated, 40% Working Interest)The Rumi-1 exploration well was drilled and completed in the fourth quarter of 2013 and encountered oil bearing reservoirs in the Une formation, testing at rates of approximately 350-1,000 bopd. A long-term test facility is currently under construction and production is expected to commence during the month of May 2014. Future appraisal drilling on the Rumi structure will be contingent on the production performance during the long-term test.
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