Scandoil  

Andes awarded 3 discovered oil fields in Colombia bidding round 2014


Published Aug 4, 2014
Andes Energia-2

The Board of Andes reports, as part of the Colombia bidding round 2014, the preliminary award of three undeveloped fields with conventional oil discoveries, located in the Llanos basin in Colombia.

Alejandro Jotayan, CEO of Andes, commented: "The new fields will allow Andes to have a production base in Colombia, diversify the current cash flow source and add to our portfolio a potential emerging unconventional oil play to which we can apply our knowledge and experience in this type of play."

YD Llanos 5 has a surface area of 17,000 acres. A discovery well drilled in 2008 tested initially at a rate of 350 bpd from the Guadalupe formation. The block has existing 2D and 3D seismic and was the most competitively bid for field in the bidding round.

Tags: Andes Energia




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml