ExxonMobil hits oil with Spider Monkey

Wildcatting: ExxonMobil discovers oil with Spider Monkey probe

Reuters/Scanpix

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Bill Lehane

 24 January 2013 12:20 GMT

US supermajor ExxonMobil has struck both conventional and unconventional oil with an exploration probe in Colombia’s Middle Magdalena Valley, a junior partner has revealed.

The Mono Arana (Spider Monkey) 1 well, spud on 23 September, was drilled to a depth of 9942 feet in order to test the potential of a shallow conventional Tertiary Lisama sandstone reservoir and deeper shale and carbonate reservoirs in La Luna and Tablazo oil source rocks. 

Canacol Energy chief executive Charle Gamba said that results from both of the probe's targets bode well for the explorer and its surrounding acreage.

“Throughout the drilling of the La Luna section, very encouraging signs of the productivity of the formation were encountered including gas…

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