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Ecopetrol S.A. reported that it has proved the presence of hydrocarbons in the horizontal exploratory well Embrujo-1 ST2 in the eastern block of the Cano Sur exploration and exploitation contract, in the municipality of Puerto Gaitan, Department of Meta, Colombia.
The exploratory well Embrujo 1-ST2, designed to follow a horizontal trajectory pointing southeast, reached a total depth of 5,121 ft (1,560 m), and results indicate a stabilized average production of 434 barrels of oil per day of 13.4° API heavy crude, with a water-cut and sediments in the order of 10%.
This new finding constitutes the seventh discovery of oil recorded in the area of the Cano Sur exploration and production contract, signed in June 2005 between Ecopetrol S.A. and the Agencia Nacional de Hidrocarburos, in which Ecopetrol is the operator and holds 100% of the rights.