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The Morichito?5 discovery well in the Llanos Basin in Colombia was declared "commercially viable" by DCX SAS, which plans to start production in 2013.
Originally drilled in March 2010, the Morichito?5 was tested in August 2011 with flow rates of up to 700 barrels of 22.5º API crude oil per day utilizing a hydraulic, jet pump from perforations in the lower Carbonera C7 zone at 5,900-5,902 ft.
Juan Carlos Robles, DCX country manager, stated, "The Morichito Block exploration program will continue to develop our production and reserves. With the launch of the 3D seismic program in the northern portion of the block, our attention has shifted to further delineating two significant structures. With the success from our exploration program, we can begin to look for opportunities to build our reserves on the block."
Geological and geophysical work consisting of 36 sq miles (94 sq km) of 3D seismic is currently underway and targeting oil prospects in the northern portion of the Morichito Block. This work is expected to mature into firm prospects for drilling in the second half of 2012 and beyond.