Emerald Energy's Colombian Operations Program Progressing
Emerald Energy says the Vigia #1 well was put on production during July and was tested at 700 barrels oil per day before being shut-in for a pressure build-up. Vigia #1 is expected to produce at 1,000 barrels of oil per day. The Vigia #2 well is being prepared for production testing and is expected to be on full production in August. And the Vigia #3 well is being drilled and should reach its planned total depth early next month. First production is anticipated late August.
The workover of well Campo Rico #2 is now complete; the well has been put on production and is currently cleaning-up. The workover of Campo Rico #3 is underway and is expected to return to production by the end of July.
Production from Emerald's fields for 2nd quarter 2005 averaged 2,796 barrels oil per day and currently production averages 3,000 barrels of oil per day.
Emerald says it plans to spud 2 more exploration wells this year, one on El Algarrobo and the other on the Sulfide prospect within the Fortuna Bock.
- Emerald Aims to Restart Colombia Oil Operations Amid Security Woes (Nov 17)
- Exploratory Well Drilling Commenced in Colombia (May 27)
- La Cortez Optimistic of Mirto Area's Potential (Apr 12)