The company completed testing operations with a stabilized test rate of 760 barrels of oil per day (bopd) from the well, which has been drilled to a total depth of 13,717ft.
The Langur-1X exploration well is now cased to assess 14.5ft of Gacheta C oil pay.
The company said the two intervals were perforated while the well was tested for under flow-assistance by coiled tubing and nitrogen and established a stabilized flow rate over the last 24hrs of 760 bopd of 24° API oil (380 bopd net to the company before royalty) with a 27% watercut.
Equipped with an electric submersible pump, the well is likely to produce at rates in excess of 1,000 bopd during an extended production test.
The Langur-1X discovery well is being assessed for potential follow-up drilling locations by Operator Pacific Stratus Energy Colombia (50% working interest (WI)) and Petroamerica (50% WI subject to ANH – National Hydrocarbon Agency).
Petroamerica Oil president and CEO Ralph Gillcrist commented, "The Langur-1X oil discovery is very encouraging as it opens up a new play fairway in this part of the Llanos Basin for trapping light oil in low-side fault closures in the prolific Gacheta C reservoir.
"Our expectation is that future oil produced from the Langur-1X discovery has the potential to deliver some of our highest netbacks and will be in high demand as a diluent in this part of the Llanos Basin."
