Petrobras to Drill Offshore Colombia - OE Digital

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Petrobras to drill offshore Colombia - OE Digital http://www.oedigital.com/component/k2/item/5109-petrobras-to...

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Petrobras to drill offshore Colombia

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Petrobras Colombia Ltd. will drill the Orca prospect in theTayrona-1 (Tayrona Occidental) block off Colombia'sCaribbean coast in 2Q 2014. The company will move a rig fromBrazil to spud the Orca-1 exploration well in water about 600mdeep off the Guajira peninsula.Colombia's National Environmental Licensing Authority(Autoridad Nacional de Licencias Ambientales, ANLA) mustfirst approve amendments to the environmental license.Petrobras operates the 16,000sq km Tayrona block (40%) withpartners Repsol Exploracion Colombia (30%) and Colombia'sEcopetrol SA (30%).The Tayrona block is part of an exploration and developmentcontract that Petrobras signed in 2004 with Columbias NationalHydrocarbons Agency (Agencia Nacional de Hidrocarburos,ANH). Repsol bought its stake in January 2011, to complement its long-term operations in the country.The first well in the block was drilled six years ago and was unsuccessful.Jos ngel Murillas, Director of Repsol Exploration Latin America Region, said Orca is the first well that thecompany will drill out of its offshore Colombia portfolio.He described the prospect as having a very large four-way closure, almost 500sq km, in the lower Miocene. Thetarget is Oligocene-Miocene carbonate build-ups on basement. At the Bank of New York in London on 29 January, Murillas said, "The mean prospective resources for thisprospect are higher than 4TCF of gas equivalent and "that makes it the largest prospect in [Repsol's] LatinAmerican portfolio. And it is also one of the most important or largest prospects in the whole Repsol portfolio2014."Late last year, Vice Minister of Energy for Colombia's Ministry of Mines and Energy, Orlando Cabrales(previously president of ANH), said two other wells would be drilled offshore Colombia in 2014, in the Gulf ofMorrosquillo and in La Guajira.See:

Written by Nina Rach Wednesday, 26 February 2014 10:52


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Petrobras keeps offshore Colombia (16 Sept 2013)Colombias promising future (OE, August 2013)

Published in OE Daily: 2014 / FebruaryTagged under South America Colombia Repsol Petrobras

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Petrobras to Drill Offshore Colombia - OE Digital