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Echo Energy takes stake in 4 licences in Argentina

Echo Energy finds gas in Argentina

Jul 09, 2018
2 min read
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UK's Echo Energy has successful completed the drilling of a well in an onshore play in Argentina which hit a notable gas column from the latest probe.

The CSo-2001(d) well, located in the Fracción D licence operated by Companı̃á General de Combustibles (CGC), reached a total depth of 1,511 meters in the Upper Jurassic Tobifera formation across which extensive gas and light hydrocarbon shows were recorded.

Preliminary wireline log evaluation has now been completed from which the initial interpretations indicate around 30m of potential net pay.

The CSo-2001(d) well is the last well in the current joint drilling campaign. The well is targeting 19.0 bcf (gross best case) contingent resources assigned to the prospect in addition to a further 18.7 bcf (gross best case) of prospective resources.

A final production casing is now being run prior to completion and testing which will now take place within the testing programme with the Quintana 01 rig.

Fiona MacAulay, chief executive officer of Echo, commented: "I am delighted that the our fourth well in the current drilling campaign has again successfully interpreted a notable gas column in the Tobifera. We are now looking forward to commencement of testing on the ELM 1004 well which will be the first well to be tested in this programme."

 

 

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