Exploration & Production
Petroamerica Spuds Oily Las Maracas-11 Well
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Petroamerica Oil Corp. has reported the spud of the Las Maracas-11 development well at its Las Maracas Field on the Los Ocarros Block in the Llanos Basin of Colombia.
Las Maracas-11 was spud on July 1, 2013 and is targeting attic oil in the Mirador Formation. Upon completion of drilling operations for Las Maracas-11, the drilling of the Las Maracas-12 well is expected to commence. Not including these two wells, the Company expects that an additional three wells (one development, one appraisal and one water disposal) will be drilled on the field prior to the end of 2013. Current production on the Las Maracas Field is from 11,000 to 11,600 barrels of oil per day, however future production targets will be based on well performance and the results of the current wells and upcoming appraisal…
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