Petrobras Hits Gas Off Colombia
Petrobras has confirmed a new natural gas find in Colombian deep waters in the Uchuva-1 exploratory well in the Tyrona Block.
Petrobras, as the operator, holds 44.44 percent working interest, with Ecopetrol holding a 56.54 percent interest in the well located 19.9 miles off the coast and 47.2 miles from the city of Santa Marta, in a water depth of approximately 2723 feet.
This discovery is the result of the consortium's actions to enhance the use of data through the application of new geological and geophysical technological solutions, added to the expertise in deep water operations, Petrobras informed in its statement.
The Tayrona Block is in Petrobras' portfolio for active portfolio management and the opening of this new frontier is aligned with the company's strategic pillar of maximizing its value with a focus on exploration of deep and ultra-deepwater assets. The result achieved increases the prospects for developing a new frontier of exploration and production in Colombia.
The consortium will continue its activities in the Tayrona Block, aiming to assess the dimensions of the new gas accumulation.
“This discovery is very significant for Ecopetrol and Colombia because it ratifies the importance of the Caribbean as one of the main sources of gas for our country. We are very pleased to open this new frontier in an area near Chuchupa-Ballenas, gas fields that have marked the history of our offshore operations for four decades and have contributed significantly to the "gasification" of the country. This is great news for the more than 10 million Colombian families that today use gas in their daily lives,” said the president of Ecopetrol, Felipe Bayón.
The well was drilled by Transocean’s ultra-deepwater semi-submersible drilling rig, the Development Driller III, the one-well deal was struck for $331,000 per day excluding taxes, and according to Transocean’s fleet status report, the contract concluded on July 22.
To contact the author, email andreson.n.paul@gmail.com
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension