Gulf Oil and Gas accountACCOUNT

Echo Energy Commences Drilling First Exploration Well in Argentina

Source: www.gulfoilandgas.com 5/9/2018, Location: South America

Share |
Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the commencement of drilling of the first exploration well in a four well back-to-back campaign in the Company's Fraccion C asset, onshore Argentina.

The Petreven H-205 rig, on contract to Echo's joint venture partner Compania General de Combustibles S.A., has arrived on the Estancia La Maggie prospect and on 8 May 2018 spudded the Company's first exploration well ELM-1004. The well targets the crest of a structure at the Upper and Middle Tobifera levels with Pmean gross gas initially in place estimated as 38 bcf (included in the recent Competent Person's Report produced by Gaffney Cline & Associates). Well ELM-1004 is located approximately 4km north east of the existing Estancia La Maggie gas collection facilities.

In addition, on the Company's Fraccion D asset, the extended flow period of the CSo-85 well test has now been successfully completed and the well has been shut in for the planned pressure build up.

The Company will update shareholders with progress on both the exploration drilling programme and extended testing as the programme advances.

Fiona MacAulay, Chief Executive Officer of Echo, commented:
"We are delighted to be starting our exciting four well exploration campaign shortly after the successful workover well campaign in Fracci?n D. A presentation with further details on the exploration well location and target structure will be uploaded to the Company website shortly."

Drilling News in Argentina >>

Cameroon >>  5/22/2018 - Bowleven, the Africa focused oil and gas company traded on AIM, is pleased to announce the spud on 21 May 2018 of the IM-6 appraisal well at the Etind...
Egypt >>  5/22/2018 - SDX Energy Inc. (SDX), announces that the Kelvin-1X exploration well at South Disouq, Egypt (SDX 55% working interest and operator) has been drilled t...

Namibia >>  5/21/2018 - Azinam Limited, the Seacrest Capital Group backed explorer focused on offshore Namibia, is pleased to announce that it is planning a multi-well drilli...
Suriname >>  5/21/2018 - Kosmos Energy gives an update on current activity in Suriname. The Anapai-1 well drilling in Block-45 offshore Suriname encountered shallow bore hole ...

United States >>  5/21/2018 - 88 Energy has announced an update for its projects located on the North Slope of Alaska. Site works have commenced to clear snow and ice from the Fran...
United Kingdom >>  5/18/2018 - With reference to our press release of 14 February 2018, Awilco Drilling PLC has confirmed that a contract has been signed with Shell UK Limited for t...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Argentina Oil & Gas 1 >>  2 | 3 | 4 |

More News

 

Oil & Gas Companies in Argentina >>


Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Privacy Policy.