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You are here: AMERICAS South America Pacific Rubiales hits new oil discovery at Quifa Block

Pacific Rubiales hits new oil discovery at Quifa Block

Tuesday, 09 March 2010 11:12 Scandinavian Oil and Gas
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Bogota. Pacific Rubiales Energy Corp. reports a new oil discovery at the Quifa 26X well, located in Prospect "F" in northern Quifa, and the results of the Quifa 31 and Quifa 23X wells, drilled on prospects "G" and "H", respectively, within the Quifa Block, Llanos Basin, Colombia.

Mr. Ronald Pantin, Chief Executive Officer, commented, "These results continue to support our belief in the production potential of the block. The exploration campaign continues to provide valuable information enabling us to better understand the complexities of the geology in the region."

 

The Quifa 26X exploratory well was drilled on Prospect "F", in the northern part of the Quifa block, approximately 15.1 km to the east of the recently discovered Quifa 6 well on prospect "A". The Quifa 26X well was drilled slanted to a maximum of 69.1 degrees from a surface location and reached the objective at an angle of 5 degrees.
The well found the top of the Carbonera basal sands at 4,611 feet measured depth ("MD"), or 2,594 feet true vertical depth at sub-sea level ("TVDSS"). The well found the oil water contact at 4,676 feet MD, or 2,659 feet TVDSS, resulting in an oil column of 65 feet gross at the well. The petrophysical evaluation of the well indicates a net pay zone of 41 feet with 29% average porosity.
The Quifa 26X well was drilled at the northeastern flank of prospect "F", 1.6 km away from the top of the structure, which has been mapped at 2,550 feet TVDSS. The depth difference between the crest of the structure of prospect "F" and the oil water contact observed in the well indicates that the maximum hydrocarbon column for the prospect could reach 108 feet. The structure of prospect "F" has an area of approximately 12,950 acres and elongates close to 13 km in the southwest-northeast direction and 4 km crosswise.

 

This discovery, along with the discovery of the Quifa 6 well, confirms the hydrocarbon potential of the northern area of the Quifa block. The company is planning to continue the exploratory drilling campaign for this area during the remainder of 2010.


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Reported by Cristina Gallardo, write to This e-mail address is being protected from spambots. You need JavaScript enabled to view it

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