This well is the third of a six well drilling program at El Valle in Argentina’s San Jorge Basin.
Logs and samples taken while drilling indicate 9.5m of net pay in the historically highly productive Caleta Olivia formation and one 2.5m zone in the Canadon Seco formation.
El Valle has three distinct productive sedimentary formations, which, in order of surface to deepest, are the Canadon Seco, Caleta Olivia and Mina el Carmen.
Each of these formations may contain multiple discrete hydrocarbon bearing zones, the company said.
Typically, the Canadon Seco formation produces medium grade oil (API gravity that ranges from 16-22 degrees), while the Caleta Olivia and Mina el Carmen produce light oil (API gravity of about 30 degrees).
