Canacol ties in latest Colombia production well

Canacol Energy Ltd. tied in the Toronja 2 gas well to the production manifold in Colombia’s Lower Magdalena Valley (LMV) basin.

The development well spudded Jan. 17, targeting the Porquero sandstone reservoir. The well reached 6,899 ft measured depth Jan. 23 and encountered 29 ft true vertical depth of net gas pay with an average porosity of 28% within the primary target. The well was tied into the Toronja production manifold and placed on permanent production.

The rig is currently mobilizing to drill the Carambolo 1 exploration well targeting gas bearing sandstones within the Cienaga de Oro sandstone reservoir. The well is expected to take about 4 weeks to drill, complete, and test.

Following completion of Carambolo 1, the rig will mobilize to the Arandala 3 development well, which Canacol anticipates spudding in March. The well will take about 3 weeks to drill, complete, and tie into permanent production.

LMV basin is in the northwestern part of Colombia and produces dry gas. The basin has at least 20 significant gas fields with more than 20 bcf of gas each, and numerous smaller accumulations, the company said. The primary reservoir consists of thick continental to marginal marine clastics of the Eocene to Lower Miocene-aged Cienaga de Oro (CDO) formation deposited in an active trans-tensional setting directly on basement. Regionally, the CDO is overlain by thick marine shales of the Porquero formation, which provides top seal lithology.

Canacol is operator of all blocks in LMV basin and has an exploration and production contract with the National Hydrocarbons Agency.