The well was drilled from the company’s original M-5 (2010 discovery) drilling pad and deviated approximately 1,200ft to the southwest of the original well.
The company drilled the well to a total depth of 6,855ft in the Paleozoic, and during drilling, mud-log shows were encountered in the Carbonera C7, Mirador, Guadalupe, Gacheta and Ubaque formations.
According to the company, subsequent petrophysical analysis of electric logs indicated multiple potential pay zones.
The Carbonera C7 zone is equivalent to and six feet structurally high to the 5,900ft zone in the Morichito M-5 well which swabbed at a rate of 375 barrels of oil per day of 23 degree API oil with no water cut.
A decision has been taken with partners Green Power Corp and Golden Oil Corp to run 7" production casing and test at least two zones.
The company expects testing to commence on 1 May and take 15-20 days to complete.
Assuming success and the receipt of necessary permits, this well will be placed on a long-term production test along with the existing M5 discovery well on which a work-over rig is being mobilized with testing to commence later this month.
The Morichito-5B well was drilled as a deeper pool wildcat and fulfills the company’s Phase V contract commitment with the Colombian National Hydrocarbon Agency.
