Canada-based PentaNova Energy has announced that it has spud the first gas well in Colombia’s Maria Conchita gas block, where it holds an 80 per cent beneficial working interest.
The Istanbul-1 well, targeting Colombia’s Jimol formation at an estimated TVD of 8,000 feet, was spud on February 27.
PentaNova Energy said it expects the well will reach total depth in approximately 20-25 days. It plans to run a continuous logging program during the drilling.
The Maria Conchita Block is also conveniently positioned close to existing gas pipeline infrastructure, to bring gas to market. The Promigas trunk line, just 22 kilometers east of the Company’s spudded well, connects to the coastal cities of Barranquilla, Santa Marta and Cartagena.
Colombia’s most significant source of natural gas production, the 6 TCF Chuchupa field, is located approximately 50 kilometers northwest of PentaNova Energy’s newly spudded well. The Chuchupa field, discovered in 1973, a strategic energy asset for Colombia, currently produces approximately 30 per cent of the country´s daily output, although gas production has been in decline since 2002 creating a supply problem in the face of rising gas demand.
PentaNova said that the well is in favourable location and provides the company with significant optionality for marketing and transportation to bring much needed gas to the domestic market in the event of a commercial gas find.