Ecopetrol, Occidental announce Colombia light oil find
A joint venture between Colombian state oil company Ecopetrol and Occidental de Colombia has discovered light oil at the Cosecha C-01 exploration well in the country's northeast.
A 14m-thick hydrocarbon cluster was identified as drilling reached a depth of 3,300m, Ecopetrol said in a statement.
The well, located in Arauca department near the Venezuelan border, is currently producing 3,025b/d of oil with an API quality reading of 38 degrees and a water cut of 0.3%.
"The well adds to the recent discoveries in the area and is located very close to the transport infrastructure of the Caño Limón complex, which will facilitate its development in a future stage of commercial production," Ecopetrol CEO Felipe Bayón said.
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