Anadarko and partner Ecopetrol have confirmed a new deepwater gas province offshore Colombia in the Caribbean with a new discovery, proving a gas presence on the same geological trend as the Kronos Field, according to a news release.
Located in the Purple Angel Block, the Gorgon-1 exploration well reached depths ranging from 3,675 m to 4,414 m (12,057 ft to 14,482 ft), finding gas at two exploration targets. Anadarko, the operator, said the well hit 79 m to 110 m (260 ft to 360 ft) net of natural gas pay.
“The confirmation of gas fields in the area opens the possibility for Colombia to develop a gas production specialized ‘cluster,’ which would allow for sharing facilities and improving projects' profitability and efficiency,” the release said.
The well is 27 km (17 miles) away from the Purple Angel-1 well, which confirmed the reservoir’s extension in 2015. The Purple Angel Block borders the Fuerte Sur blocks, where Kronos-1 was discovered, Cl-5 and Fuerte Norte, the release said.
Anadarko and Ecopetrol each hold a 50% interest in the blocks.
Recommended Reading
Chesapeake Slashing Drilling Activity, Output Amid Low NatGas Prices
2024-02-20 - With natural gas markets still oversupplied and commodity prices low, gas producer Chesapeake Energy plans to start cutting rigs and frac crews in March.
Petrie Partners: A Small Wonder
2024-02-01 - Petrie Partners may not be the biggest or flashiest investment bank on the block, but after over two decades, its executives have been around the block more than most.
Matador Resources Declares Quarterly Dividend
2024-02-14 - Matador Resources will pay a $0.20 dividend on March 13 to shareholders of record by Feb. 23.
Jerry Jones Invests Another $100MM in Comstock Resources
2024-03-20 - Dallas Cowboys owner and Comstock Resources majority shareholder Jerry Jones is investing another $100 million in the company.
Tellurian Executive Chairman ‘Encouraged’ by Progress
2024-03-18 - Tellurian announced new personnel assignments as the company continues to recover from a turbulent 2023.