Canacol flows Clarinete discovery
Canacol Energy has flowed its Clarinete gas discovery onshore Colombia at a test rate of more than 3600 barrels of oil equivalent per day.
The operator said the flows were made up of 20.6 million standard cubic feet per day of dry gas with no water.
The test as the first of two planned production tests over two separate reservoir intervals at the find with the second to follow in a week’s time.
The Calgary-headquartered operator said it has begun preparing to lay a flowline from Clarinete 1 to tie the find into its Jobo infrastructure on the Esperanza block in adjacent VIM 21.
The company is already producing from the same sandstone reservoir as Clarinete at the Nelson and Palmer gas fields.
Canacol said its gas sales from Esparanza were currently being made at $28.96 per boe and because they are based on the Guajira price index they are “completely insensitive to world oil prices”.
Canacol acquired the VIM 5 E&P contract in December from Brazil’s OGPars.
The discovery well spudded last October on the Lower Magdalena basin acreage encountered 149 feet of gas pay in the Tertiary-aged Cienaga de Oro sandstone reservoir.
The operator is currently working with reserve auditors to update pre-drill resource estimates of 540 billion cubic feet for the discovery.
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