The Balay-1 well reached a total depth of 4652 metres and tested flows of 28 degrees API crude, achieving a rate of 1314 barrels per day, the company said.
Petrobras holds a 45% stake on the block in partnership with Cepcolsa on 30% and, as a result of a recent farm-in, Sorgenia E&P Colombia on 10% and Petroamerica Oil 15%.
The result provides cheering news for Petrobas and Colombia, where a strong flow of investments have not translated into many significant discoveries of new oil yet.
