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Canaguaro Block

Project Stages

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Early Works
In Construction
Current Stage In production - under development
Project Details


The 97km2 Canaguaro block is located in the Llanos Orientales basin and is operated by Petrominerales (87.5%), a subsidiary of Pacific Rubiales, while Condor Exploration Inc. holds the remaining 12.5% working interest. The block has two important prospects, Canaguay and Tapiti. During 2014, and as part of its exploration drilling campaign, Pacific Rubiales drilled a total of 56 wells with a success rate of 77%. This exploration drilling campaign resulted in new discoveries in the Canaguaro block. Of the two wells drilled at Canaguaro, Canaguay-2ST2 and Tapiti-1X, both found oil potential. By November 2014, Canaguay-2ST2 had produced 166,000 barrels of 29.5º API crude and Tapiti-1X had yielded 22,000 barrels of 26.7º API crude. The block's production as of March 2015 reached 2,140b/d.

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Milestones Log and News

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

  • * Changes to original budget estimates are shown as the total figure available and may include interest, working capital, inflation adjustments and other contingencies in addition to capital expenditure.

  • * Amounts and overall results are shown in US dollars unless otherwise stated.

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Key Specs

Full Name
Canaguaro Block
Project Type
Conventionals, Crude oil, Exploration, Onshore, Production
Development Phase
In production - under development
Project Status
Project Capacity
2,140  b/d (barrels per day)  Crude oil

The block is located in Colombia's Casanare department.

* The map coordinates represent the approximate latitude and longitude, and not the exact location of the project.

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Owner / operator
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