Geopark Submits Proposal for Region XII Exploration

The Chilean subsidiary of Bermudan energy firm Geopark Holdings has submitted environmental impact assessment documents to environmental authority Conama for US$2.4mn-worth of exploration in Region XII's Fell block.

The company plans to drill a total of three wells on the Monte Aymond and Santiago Norte fields over six months, Conama's environmental impact evaluation system SEIA reported on its website.

Geopark was awarded a special hydrocarbons operating contract (CEOP) in January for the exploration of the block, including a permit for hydrocarbons production if reserves are found, the statement said.

Other companies including Chile's state oil firm Enap, Canada's Cordex Petroleum and local power generator AES Gener have previously been awarded similar contracts to carry out exploration work on the Fell block since 1997.

Geopark has operations in Chile and Argentina with offices in Bermuda, Santiago in Chile and Buenos Aires.

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