GeoPark Limited, a number one impartial Latin American oil and gasoline explorer, operator and consolidator with operations and progress platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, introduced the invention of the brand new Jauke Oeste gasoline area within the Fell block (GeoPark operated, 100% WI) in Chile. GeoPark drilled and accomplished the Jauke Oeste 1 exploration effectively to a complete depth of 9,596 toes. A manufacturing check, by way of totally different choke sizes, within the Tobifera formation resulted in a mean manufacturing fee of four.four million customary cubic toes per day of gasoline (or 729 boepd) and 52 bopd of condensate with a wellhead strain of three,141 kilos per sq. inch. Additional manufacturing historical past is required to find out stabilized circulate charges of the effectively and the extent of the reservoir. Surface amenities are in place, the effectively is in manufacturing, and the gasoline and condensate are already being offered to offtakers. The Jauke Oeste gasoline area is situated roughly 1 km north of the Jauke gasoline area, which is at present producing roughly eight.four million customary cubic toes per day from two wells (or 1,400 boepd). Jauke and Jauke Oeste gasoline fields are a part of the massive Dicky geological construction within the Fell block – opening the potential for a number of growth drilling alternatives. Additional exploration actions can be carried out in Chile throughout 1Q2020 with a deal with oil prospects. GeoPark can be spudding the Leun 1 exploration effectively within the Flamenco block (GeoPark operated, 100% WI) in February 2020, to be adopted by the Huillin 1 exploration effectively within the Isla Norte block (GeoPark operated, 60% WI) and the Koo 1 exploration effectively within the Campanario block (GeoPark operated, 50% WI). 2019 Independent Reserves Certification: GeoPark expects to launch its 2019 impartial reserves certification throughout the first half of February 2020. James F. Park, CEO of GeoPark, mentioned: “Congratulations and thanks once more to GeoPark’s inventive exploration staff for persevering with to open up new geological performs and construct on our steadily-expanding manufacturing, reserve and useful resource base.”
GeoPark, primarily based in Santiago, Chile, is at present ranked the third-largest oil operator in Colombia and the primary non-public oil and gasoline producer in Chile. It additionally has a non-operating working curiosity in one of many largest non-associated gasoline area in Brazil.
(Source and picture: Geopark)
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