Exploration • Drilling • Field Services
Fig. 1. Petrobras is working to meet the activities set out in the evaluation plan approved by the Brazilian National Petroleum, Natural Gas and Biofuels Agency.
South American reserves lure E&P companies
Interest in South America continues to grow as exploration and production (E&P) companies eye potentially huge oil and gas reserves. Sean Ottewell reports.
El interés en Sudamérica continúa creciendo tal y como las compañías observan grandes reservas potenciales de petróleo y gas. Informa Sean Ottewell.
Das Interesse an Südamerika steigt, während Öl- und Energieunternehmen möglicherweise riesige Öl- und Gasvorkommen ins Visier nehmen. Sean Ottewell berichtet.
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olombia remains an important source of investment by exploration and production (E&P) companies working in South
America. Canada-based oil and gas E&P company PetroMagdalena Energy, for example, has reported promising results from its ongoing exploration programme at Cubiro in the Llanos basin. Luciano Biondi, ceo, commented: “We
are pleased to announce the continuation of our successful exploratory and development drilling programme. Te Copa 4 development well at Cubiro has extended the mapped reservoir area with higher formation tops than predicted and with positive tests of the zones identified
petrophysically, this could lead to a measurable increase in oil reserves for the Copa Field.” Te Copa 4 development well was
spudded on 31 March and well logs were run on 13 April. Te petrophysical evaluation of the C7, C5 and C3 sandstones, all productive in the Copa field, estimates the well logs to be 15-20 feet higher than predicted in the mapping done based on the seismic interpretation. Petrophysics indicate potential hydrocarbon pays of seven feet in the C7, 17 feet in C5, 13 feet in C5, and 11 feet in C3. As the Copa 4 development well was drilled to the northwest, it was expected to intersect the predicted oil water contact considerably down dip from the
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