Canacol announces that its Pandereta 2 appraisal well in Colombia’s Lower Magdalena Basin VIM-5 Block intersected net gas pay in the Ciénaga de Oro (CDO) Formation.
Hydrocarbon Exploration & Development in Colombia
Location of Canacol’s Pandereta 2 appraisal well in Colombia’s Lower Magdalena Basin VIM-5 Block. Image source: Drillinginfo.
In mid-January 2018, Canacol announced that its Pandereta 2 appraisal well in Colombia’s Lower Magdalena Basin VIM-5 Block intersected twice as much net gas pay in the Ciénaga de Oro (CDO) Formation as the Pandereta 1 discovery well had done. The appraisal well found 39.6m of net gas pay with average porosity of 23% in the upper part of the target Oligocene CDO sandstone reservoir, compared to 19.5m in the discovery well, which lies around 1 km east. Spudded on 3 December 2017, the well reached a TD of 2,938m in mid-December.
Pandereta1 encountered 45.3m of total gas pay over three formation types:
Ciénaga de Oro;
Lower Tubara;
and fractured basement reservoirs.
Canacol is currently drilling the Pandereta 3 development well about 1.5 km north-east of Pandereta 2, which will be followed by the Gaiteros 1 exploration well on the same block, also targeting the CDO reservoir. The company owns the block 100%.
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