
GeoPark eyes 14-well LatAm drill campaign

South America-focused GeoPark has unveiled plans to drill 14 wells in the fourth quarter, including development, exploration and appraisal prospects in Colombia, Argentina and Brazil.
Eleven of the wells are on Colombia's Llanos 34 block, seven of which are for development, three for appraisal and one for exploration, the Santiago-based company said in an operations update on Thursday.
In Argentina, the company will begin exploration campaigns on the CN-V and Porvenir blocks while in Brazil it will spud an exploration well on the REC-T-128 block.
The company said it is currently preparing its 2019 capital budget, due for release next month.
COLOMBIA FLOWLINE
Meanwhile, GeoPark said a flowline connecting the Llanos 34 block to the ODL pipeline in eastern Colombia is on track to be completed in January.
The line, which has been budgeted at US$15-20mn, is forecast to begin operating in 1Q19, following the approval of permits, it added.
"The project will support future production growth (with a capacity of up to 100,000b/d) and reduce transportation and operating costs," GeoPark said.
PERU
In Peru, GeoPark expects to receive final approval for an environmental impact assessment of the Morona block's Situche Central oil field "before the end of 1Q19."
"As part of the EIA approval process, GeoPark is currently conducting the third round of workshops with the communities and the public audiences are programmed for the end of October," it said.
According to an independent appraisal by DeGolyer and MacNaughton, Situche Central has certified gross proven and probable crude oil reserves of 42.1Mb and 3P reserves of 83Mb.
In total, the Morona block includes unrisked exploration resources ranging from 300Mb to 500Mb, GeoPark said, citing an audit by Gaffney, Cline & Associates.
PRODUCTION
GeoPark reported consolidated third quarter oil and gas production of 37,214boe/d, up 4% on the previous quarter.
Oil production rose 3% to 31,266b/d while gas output climbed 6% to 35.7Mf3 (1.01Mm3/d), it said.
Some 29,139boe/d were pumped in Colombia, 3,124boe/d in Brazil, 2,632boe/d in Chile and 2,329boe/d in Argentina.
Current net production stands at 38,000boe/d, the company said.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
News in: Oil & Gas (Colombia)

Colombia: After new findings, the Government of Change ratifies optimism regarding the country's gas resources
The Ministry of Mines and Energy highlighted the announcement made yesterday of three new gas discoveries on the Caribbean coast by the company Can...

Gran Tierra Energy Inc. Announces Strong Reserves Replacement and Continued Reserves Growth in 2022
Future Net Revenue After Taxes and Capital Expenditures Forecast to be $1.4 Billion (1P), $1.7 Billion (2P) and $1.9 Billion (3P) Over the Next Fiv...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Oil & Gas (Colombia)
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Block LLA 99
- Current stage:
- Updated:
6 months ago
- Project: Block LLA 119
- Current stage:
- Updated:
6 months ago
- Project: Block PUT 20
- Current stage:
- Updated:
6 months ago
- Project: Block CAG 7
- Current stage:
- Updated:
6 months ago
- Project: Block CAG 8
- Current stage:
- Updated:
6 months ago
- Project: Block COL 5
- Current stage:
- Updated:
6 months ago
- Project: Block Cosecha
- Current stage:
- Updated:
7 months ago
- Project: Caribe pipeline (Olecar)
- Current stage:
- Updated:
7 months ago
- Project: Pacific oil pipeline (OAP)
- Current stage:
- Updated:
7 months ago
- Project: Block Quifa
- Current stage:
- Updated:
7 months ago
Other companies in: Oil & Gas (Colombia)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Shandong Kerui Petroleum Equipment Company Ltd.  (Shandong Kerui Group Colombia)
-
Shandong Kerui Group Colombia is the Colombian subsidiary of China's Kerui Group, which produces equipment for the oil and gas sector – including compressors – and provides oilf...
- Company: Grupo Ethuss S.A.S.  (Grupo Ethuss)
-
Grupo Ethuss SAS is a Colombian company that through its subsidiaries provides engineering, supply, production, construction, assembly, operation, repair and maintenance service...
- Company: Cámara de Industria y Comercio Colombo-Alemana  (AHK Kolumbien)
-
The Colombian-German Chamber of Industry and Commerce, also called AHK Colombia, is the non-profit organization that brings together more than 300 companies from Colombia and Ge...
- Company: Peri Colombia S.A.S.  (PERI Colombia)
-
PERI is one of the leading international companies in the Formwork, Scaffolding and Engineering sector, and has an effective local presence through 70 subsidiaries in more than ...
- Company: Industrial Consulting Group  (Industrial Consulting Group (ICG))
-
Colombia's Industrial Consulting Group (ICG) provides commissioning and start-up services for oil & gas industrial facilities. It provides specialized support for inspection, an...
- Company: SAAM Towage Colombia S.A.S  (SAAM Towage Colombia)
-
SAAM Towage Colombia is a company that provides safe, reliable and efficient towing services for both port and offshore needs to a wide range of clients ranging from container l...
- Company: Alcanos de Colombia S.A. E.S.P.  (Alcanos de Colombia)
-
The firm Alcanos de Colombia S.A. E.S.P. is a distributor and seller of compressed natural gas, as well as the construction of related facilities for its consumption, providing ...
- Company: Tensteel S.A.S.  (Tensteel)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Aecom Technical Services Inc.  (Aecom Colombia)
-
Aecom Technical Services Inc. (Aecom Colombia) is the local office of the international infrastructure consulting firm AECOM. The company has been present in the South American ...