Gran Tierra Energy Inc, a company focused on oil exploration and production in South America, announced initial drilling results in Argentina.
Argentina
Puesto Morales / Puesto Morales Este Blocks, Neuquen Basin
Gran Tierra Energy has completed drilling PME.a-1003, the first of four new development wells in the Puesto Morales field, with the purpose of improving recovery and growing production from this mature oil field. The well is being completed for production. Since taking over operatorship in March, the production decline of the last several years has been halted with a workover program on existing wellbores. The rig has moved and is now being used to drill the PMN-1116 development well in the same field.
