Canacol Energy Makes New Natural Gas Discovery from Chontaduro 1 Exploration Well Onshore Colombia

SEATTLE (Oil Monster): Canacol Energy Ltd. Has made a new natural gas discovery onshore Colombia, called the Chontaduro 1 gas discovery.

The Chontaduro 1 exploration well on the company’s VIM21 Exploration and Production (“E&P”) contract was spud on April 2, 2024, and reached a total depth of 9,625 ft measured depth (“ft MD”) on April 8, 2024.

The well encountered 123 ft true vertical depth of net gas pay, with average porosity of 21% within the primary Cienaga de Oro (“CDO”) sandstone reservoir. The CDO reservoir was perforated over a 279 ft MD Interval and the well tied into the Jobo gas treatment facility.

The exploration well started at a production rate of 5 MMcfd for 2 hours at a choke 29/128” and a THP of 2290 psi. The rate was increased to 8 MMcfd for another 2 hours with the choke at 30/128. The rate was increased increments of 1 MMcfd over a period of 5 hours and the choke until it reached 12 MMcfd. The choke at the final rate was 36/128” and a THP of 2260 psi. The exploration well continued to produce at a rate of 12 MMcfd over the past 29 hours with a stabilized THP of 2260 psi.

Canacol Energy is currently skidding the rig to drill the Chontaduro 2 appraisal well, targeting the CDO sandstone reservoir in the southern part of the Chontaduro natural gas discovery. Chontaduro 2 will spud on April 18, 2024, and will take approximately 3 weeks to drill and complete.

Courtesy:  www.worldoil.com