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IS - Parex’s discovery onshore Colombia flows 4,663 boe/d - February 2020

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Parex Resources made a light oil and gas discovery onshore Colombia’s Lower Magdalena Valley in the VIM-1 block. The La Belleza-1 exploration well was drilled to a depth of 11,680 ft and encountered 179 ft of a hydrocarbon-bearing reservoir in the Cienaga De Oro formation. Parex tested the well under natural flowing conditions over a 328-hour period. The average flowrate was 4,183 boe/d (58% 43°API oil) with a watercut of 12% and the final......
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