The well will be drilled from the same drilling pad as the 2010 field discovery well Morichito-5, and will be drilled directionally to a bottom hole location about 1,400ft southeast of the earlier discovery.
The proposed total depth for the well is 6,600ft in the Cretaceous Ubaue formation and will fulfill the company’s fifth phase contract commitment with the Colombia National Hydrocarbon Agency.
The Morichito-5B will be a dual-purpose well with a primary objective to test the potential of deeper Mirador, Gacheta and Ubaque reservoirs that have seen recent significant discoveries in the Llanos Basin.
The well is also expected to encounter the same reservoir intervals that had shows or tested oil in the Morichito-5 discovery well in an up-dip position approximately 10ft-15ft high to the Morichito-5 discovery well.
Depending on results of the new Morichito-5B well and the long -term test of the existing Morichito-5 well, the company plans to install a production facility to put the two wells on immediate production.
Petro Vista Energy is engaged in the acquisition, exploration and development of oil and natural gas properties located in South America.
