The company said that oil flowed naturally at higher rates without pumps with the oil column being thicker and the oil bearing zones more productive compared with Moqueta-1 well.
Gran Tierra Energy has a 100% working interest and is the operator of the Chaza Block.
Due to operational efficiencies and integration of the Moqueta-2 well results, the Moqueta-3 well will now be drilled from the Moqueta-1 well pad location down-dip in a southerly direction, to further assess the size of the Moqueta oil field since no oil-water contacts have been identified.
Gran Tierra Energy has completed initial testing on Moqueta-2 by collecting reservoir data and fluid samples from three zones, which are the Lower Caballos Formation, the Middle Caballos Formation, and the Upper Caballos Formation.
Out of five hydrocarbon bearing reservoirs, only three reservoirs were tested to maintain the casing integrity for future production.
Five intervals totaling 18ft in the Middle Caballos oil bearing interval were perforated and tested from 4,120ft to 4,157ft measured depth.
Planning is underway to construct a 7km pipeline to tie Moqueta-1 pad wells into the Costayaco infrastructure, with anticipated initiation of long term oil testing and early production in the first quarter of 2011.
The second delineation well, Moqueta-3, is planned to be drilled from the Moqueta-1 well pad location and is expected to spud mid-September, 2010.
