Solana: Potential Oil Discovery in Llanos Basin
Solana Resources Limited has successfully drilled, logged, cased and is preparing to test the Primavera-1 well located on the Guachiría Block in Colombia's Llanos Basin.
Drilling commenced on Primavera-1 on February 20, 2008 and reached a total depth of 7,405 feet on March 1, 2008. Initial log interpretations, MDT tests and sidewall cores indicate potential oil pay in the Carbonera C-7 Formation, where 40-degree API oil was encountered, and in the Carbonera C-5 Formation, where oil shows were observed.
A service rig is being mobilized to test the hydrocarbon reservoirs encountered. Testing operations are scheduled to begin in mid-April and to be completed by the end of April.
The Pioneer-52 drilling rig was released on March 8, 2008 and is currently moving 12 km to Solana's Palmitas-2 location on the Guachiria Sur Block. Drilling is expected to start at Palmitas-2 in mid-March and be completed by the end of March.
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Rystad Looks at the Buzz Around White Hydrogen
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension