Ivanhoe's Pungarayacu Appraisal Reaches TD


Ecuador, South America
(Click to Enlarge)

Ivanhoe Energy's first appraisal well (IP-15) in the Pungarayacu field in Ecuador has reached total depth with extensive oil shows in both the Napo and Hollin formations.

The initial results from this well are highly significant and, as a result, Ivanhoe Energy will be deferring releasing any information until independent laboratory analysis is received.

The cores have arrived at Core Labs in Bogota, Colombia for testing and analysis and results are expected shortly.

Physical testing of the well will begin this week and preparations for the second appraisal well location are underway.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Deepwater Roustabout
Expertise: Roustabout
Location: Houma, LA
 
Experienced Floorhand
Expertise: Floorhand / Roughneck
Location: Dickinson, ND
 
US Fort Lupton: Entry Level Technology Services Technician
Expertise: Production Engineering
Location: Fort Lupton, CO
 
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours