Maurel & Prom Spies 'Oil-Bearing Level' in Colombia

Maurel & Prom reported that the Balcon-22 development well, on the Palermo association contract in the High Valley of la Magdalena, has been drilled in the northern part of the field. Drilling encountered an oil-bearing level in the Caballos formation.

The test showed a 950 b/d output of a 31degrees API oil. The well has been connected to the existing surface installations.

Maurel & Prom, the operator, holds 50% of this field in association with Ecopetrol. The related royalties are 20%.

The Pacande Sur-2 appraisal well, drilled on the Ortega incremental production contract in the High Valley of la Magdalena 250 km south west of Bogota, has reached four hydrocarbon-bearing levels in the Caballos formation. Three of these levels have been drilled for the first time.

The test produced 800 b/d of a 28.5degrees API oil.