Adulis Starts Drilling on Guachiria Block in Colombia

Canadian oil company Adulis Resources (TSXV: ADE) has started drilling its first exploration well on its 25%-owned Guachiria block in Colombia's Llanos basin, the company said in a statement Tuesday.

The well, Malabares No. 1, will be drilled to a depth of approximately 7,000 feet and will be completed and tested before end-May. In the late 80s, three wells were drilled on Guachiria and tested at 2,046 barrels a day (b/d), 1,953b/d and 771b/d respectively. However, they were never commercially produced and were subsequently abandoned.

About Business News Americas: Business News Americas is a multilingual news and business information service that covers the most important original stories in 11 different business sectors throughout Latin America everyday. Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports.

Click here for a Free two week trial to our Latin America Oil & Gas information service.