04-22-2015, 02:50 AM
'admin' pid='57096' datel Wrote:
- Coiron Amargo Norte is a 25 year exploitation concession (until 2038) with no work commitments
- Coiron Amargo Sur is an exploration concession, 3 year evaluation phase until November 8, 2017 with a US$17.5M work commitment
- Six light oil pools on Sierras Blancas (conventional)
- Three of the six have been tested with horizontal wells and had impressive flow rates (unstimulated)
- The CAN-16 horizontal well has been tied into production facilities and is in production (567Boe/d, 198Boe/d net)
- Two or three additional horizontal wells will be drilled here in 2015
- Late 2014 drilled the CAS.x-16 VM well in Vaca Muerta with fracture stimulation and production testing expected soon
- Towards the end of 2015 the first horizontal multi stage frac well in Vaca Muerta will proceed.
Here is one of these Sierras Blancas wells (from the November 4 2014 PR):
The highest production rate was on a 8 mm choke setting, when the CAN-18(h) well produced at approximately 755 bbls/d of oil with 930 mcf/d of associated natural gas for a total of 910 Boe/d (83% oil) at an average flowing pressure of approximately 990 psi over the initial 24 hour period. On a 6mm choke setting, the CAN-18(h) well has produced at an average rate of 342 bbls/d of oil with 566 mcf/d of associated natural gas for a total of 436 Boe/d (78% oil) over a 7 day period and at an average flowing pressure of approximately 901 psi. Water cuts have ranged from 5 to 17%.