Well Alakaluf 6 was drilled and completed to a total depth of 2,244mt. A production test in the Springhill formation, at approximately 2,182mt in a 10mt perforated interval, flowed at a rate of approximately 774 barrels per day (bpd) of oil with no water through a choke of 16 millimetres and with a well head pressure of 137 pounds per square inch. Surface facilities have been constructed and oil is now being produced and marketed.
Well Alakaluf 8 was drilled and completed to a total depth of 2,263mt. A production test in the Springhill formation, at approximately 2,176mt in an eight metre perforated interval, tested at a rate of approximately 234bpd of oil with no water. Surface facilities are being constructed and a beam-pumping unit being installed, with a production target of approximately 200bpd of oil.
Well Dicky 16 was drilled and completed to a total depth of 2,895mt. Several production tests were performed in the Springhill formation at approximately 2,835mt, which tested water and gas. However, a mechanical failure of the bridge plug occurred, which may have influenced the results and the test is considered inconclusive. Further testing will be conducted in the future since the upper zones remain prospective.
Well Guanaco 3 was drilled and completed to a total depth of 2,751mt. Production testing in the Springhill formation shall begin next week with results expected in early March 2010. Well Aonikenk Sur 1 began drilling this month and is targeted to reach total depth in March 2010.
For 2010, GeoPark is planning a work and investment program totaling $50m and consisting of a 14-18 well drilling program, 2D and 3D seismic surveys and an expansion of its production infrastructure. GeoPark’s production is currently 7,800 barrels of oil per day equivalent.
