This follows the recent exploration success in the Copa-1 well, located in the eastern part of the Cubiro block.
A decision has been made to immediately install an electro-submersible pump, with the pump simulation yielding 1,800 barrels per day of production at 28Hz of frequency and with bottom hole pressure of 1840psia.
The Copa-2 is a directional well with 37 degrees of inclination, drilled to a final depth of 6085ft true vertical depth sub-sea (TVDSS). The top of the Carbonera C7 sandstones was found at a depth of 5866ft TVDSS, with preliminary petrophysical evidence showing 15ft of net pay zone with porosities of 30%.
The company said that well logs have also shown sand development and high hydrocarbon saturation in the C3, C5, and Guadalupe formations, with a total vertical oil column of 85ft. These appraisal results represent an advance in the interpretation of the Copa prospect trend and its migration patterns, and imply a new four-to-six well exploration campaign extended to the south of the prospect.
Luis Giusti, CEO of Alange Energy, said: “These results show a larger suite of reservoirs than anticipated. A third well in this prospect, Copa-3, will immediately follow and the corresponding evaluation will soon get underway.
“The company continues to work toward its exit production goal of 8,000boe/d by end 2010 and will update the market on its other near-production operations, including Topoyaco.”
