The well is an exploratory well that is part of a four-well work program on Block 3. Amistad 7 was drilled from a platform located 30 miles offshore in 134 feet of water, tested 19.4 million cubic feet of gas per day from 172 feet of perforations on a 32/64-inch choke at 3,208 pounds per square inch of flowing tubing pressure at the wellhead. It logged 472 feet of gross sand thickness in the Miocene Age Progreso formation.
In 1996, EDC Ecuador Ltd. was awarded a production sharing contract covering Block 3, which was an 864,000 gross undeveloped acre concession that encompassed the Amistad gas field. EDC Ecuador Ltd. intends to utilize the field's natural gas through an electrical power facility, which ultimately will be capable of producing 240 megawatts of electricity.
A 40-mile pipeline is expected to connect the field with a power generation facility, transporting approximately 13 billion cubic feet of gas per year.
The facility, located near the city of Machala, is expected to provide electricity to Machala as well as the national power grid. Noble Affiliates Inc., through its subsidiaries, currently has a 100 percent interest in the field and power generation facility.
The company is currently considering partnering on the facility and the field projects.
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