©2017 Hart Energy
Best of Activity Highlights: Week of May 15
INTERNATIONAL
Baron Oil To Drill Offshore Peru Exploration Well
A permit has been approved for a Peru exploration well in offshore Block Z-34. Baron Oil Plc’s
#1X Cuy-Z34-13 will be drilled in 5,764 ft of water, and the planned depth is 12,553 ft. Block Z34 is in an undrilled, deepwater basin covering about 3,713 sq km. The prospect is located
about 15 km from an existing producing field in the Talara Basin, an area that has already
produced 1.7 Bbbl of oil. Most of the remaining potential in this area is believed to be located in
this deep water basin. The Lima-based company’s internal estimates of gross unrisked best
estimate (P50) prospective resources for the Cuy Prospect is 413 MMbbl of recoverable oil.
Oil and Gas Investor
©2017 Hart Energy
INTERNATIONAL
Anadarko Drilling In Offshore Colombia’s Fuerte Norte License Area
In offshore Colombia’s Purple Angel Block, Houston-based Anadarko Petroleum Corp. is under
way at exploration well #1-Purple Angel. The venture is in the Fuerte Norte license area. It is
designed to test objectives similar to those at play-opening Kronos discovery to the south.
Upon completion, the rig will be moved to drill on the Gorgon prospect at #1-Gorgon, which
will test an analogous structure along the same trend to the Kronos discovery. The #1-Kronos
discovery well was drilled to 3,720 m, and area water depth is 1,584 m—it encountered 40-70
m of gas-bearing sandstones. Anadarko is the operator of the Fuerte Norte concession and its
Purple Angel Block and well with 50% interest in partnership with Ecopetrol holding the
remaining 50%.
Oil and Gas Investor
©2017 Hart Energy
INTERNATIONAL
Cuba Block 9 Estimate: 12 Bbbl Of In-place Oil
An assessment by Melbana Energy Ltd. of onshore Cuba’s Block 9 estimated that the oil and
gas exploration potential of the 2,380 sq km area holds approximately 12 Bbbl of in-place oil.
The block is on trend with the multibillion barrel Varadero oilfield, which has a prospective,
recoverable resource of 612 MMbbl, which is about 50% more than the previous assessment.
The assessment was on the Lower Sheet Play, which is a conventional, fractured carbonate
reservoir, similar to existing producing fields in Cuba, and is located at depths typically 2,0003,500 m. Block 9 is in a proven hydrocarbon system with multiple producing fields including the
nearby Majaguillar and San Anton fields and the Varadero and Motembo Fields. Melbournebased Melbana is the operator of Block 9 with 100% interest.
Oil and Gas Investor