The Llanos 34 block is operated by the company with a 45% working interest.
The Jacana 6 appraisal well was drilled to a total depth of 11,684ft and a test was carried out with an electric submersible pump in the Guadalupe formation.
Upon testing, the well resulted in a production rate of approximately 1,800 barrels per day (bpd) of 16 degrees API, with a 17% water cut, through a choke of 38/64 mm and wellhead pressure of 80 pounds per square inch following a testing.
GeoPark CEO James Park said: “Great rocks, big traps, high-recovery wells, growing scale, supporting infrastructure, good geography, efficient low costs, and fast cycle self-funding cash flows – all being powered forward by GeoPark’s dependable and motivated operating team.
“The Tigana/Jacana oil complex is proving up all the ingredients of a world class oil play and a foundational asset to drive GeoPark’s value growth now and in the coming years.
“Our team continues to push out the boundaries of the field with every new appraisal well.
“We still have the opportunity to drill 1-2 more development wells before the end of the year and are gearing up to drill another 15+ wells to further appraise this play in 2017.”
The company said that the 2016 appraisal drilling at the Jacana Field has substantially increased production capacity at the field to over 13,000 bopd gross from six wells.
GeoPark plans to undertake additional selective interval testing and production history to assess the stabilized flow rate and water cut source.
In 2017, the firm plans to focus on appraising and developing the Tigana/Jacana oil trend to determine the full extent of the oil accumulation and continue to grow production in 2017.
