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Petrominerales Ltd. confirmed that its Guala-1 well, in the Llanos Basin, Colombia, has 47 ft (14 m) of potential net oil pay, 38 ft (11 m) in the Lower Sand 1 formation and 9 ft (3 m) in the Guadalupe formation.
The well was drilled to a total measured depth of 12,432 ft (3,789 m). After completing the well in the Lower Sand 1, the company installed an electric submersible pump and placed the well on production. Within 59 hours of start-up, the well unloaded all of the completions fluid. The well reached a stabilized oil rate of 2,046 barrels of oil per day of 17° API oil, at a 6% water-cut.