The Arce reservoir is located in basal Tertiary sandstones. Gross recoverable reserves at Arce currently are estimated at around 5 million barrels of oil.
The well will be drilled to a depth of circa 3,000 feet, which is expected to take 10 days. If drilling proves successful, a workover rig will be mobilized to test the well. Following analysis of the initial testing results, a decision on a possible steam flood program to enhance flow rates will be made.
The well is operated by Kappa Energy Columbia Ltd. Kappa and Black Rock each have 50% equity in this project.
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