Azabache Signs E&P Contract for La Mona Block

Azabache has signed an Exploration and Production Contract with the Colombian National Hydrocarbons Agency ("ANH") to explore for, develop and produce hydrocarbons found in La Mona Block, an area of 44,497 hectares (109,954 acres), located in the Northern State of Magdalena, Republic of Colombia.

The Company recently acquired 50 line-km of 2-D seismic data to complement the existing data. As a result of the latest interpretation several very large prospects were identified, similar in nature with recent gas discoveries in the Lower Magdalena Basin.

In Phases 1 and 2 of the 24 month Exploration Period of the E&P Contract, Azabache has committed to acquire and process a 85 km 2D seismic data, and to drill one (1) Exploratory Well.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Load Planner/ Dispatcher Frac Sand
Expertise: Dispatcher|Project Management
Location: Mansfield, TX
Project Engineer
Expertise: Electrical Engineering|Instrument & Controls Engineer|Project Management
Location: Deer Park, TX
Land GIS Spatial Analyst - Mineral Land
Expertise: Contracts Engineer|Geologist|Lease Analyst
Location: Denver, CO
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours