In the CPE-6 Block in Llanos Basin, Colombia, the exploration campaign in the Guairuro prospect of drilling the Guairuro-3, Guairuro-4 and Guairuro-5 stratigraphic wells is continuing.
All the wells showed significant oil impregnations, close to 30ft at each well in all the cored intervals within the C-7 interval.
In the Quifa Block, the company has drilled four wells as a continuation of its exploration/delineation campaign, and found large scale hydrocarbon potential.
In the LCA-south prospect, located in the southern part of La Creciente A and the La Creciente D gas fields, the exploratory well Apamate-1X spudded and is targeting gas in Cienaga de Oro sands with an estimated total depth of 12,170ft measured depth.
In the Buganviles Block, the company has continued its exploratory activity by performing a production test on the Visure-1X exploratory well, and by drilling the Tuqueque-1X exploratory well.
Exploration activities started in Block 138, located in the Ucayali Basin, and the company expects to finish the seismic acquisition by April 2011 and will then proceed with processing and interpretation.
The exploration program for 2011 is budgeted at $340m and includes exploration across 26 blocks, in which 20 exploratory wells will be drilled, 36 appraisal wells and three stratigraphic wells, the company said.
In addition, 539km of 2D seismic and 440 square meter of 3D seismic is also planned during the year.
