Gran Tierra Energy Inc, a company focused on oil exploration and production in South America, provided updates for its exploration and operation activities in Argentina.
“Gran Tierra Energy has successfully completed its first multi-stage fracture stimulated horizontal well. This successful application of technology to a new tight reservoir in Argentina has delivered outstanding results, and the experience from this well will serve us well as we expand the application of this technology to our drilling program in Brazil,” concluded Coffield.
Puesto Morales Block, Neuquen Basin (100% working interest and operator)
The PMN-1117 horizontal well reached a total depth of approximately 2,130 meters MD (1,408 meters TVD) on October 27, 2012. The well was drilled with a 483 meter horizontal section and multi-stage fracture stimulation was conducted on the well with production testing initiated on December 2, 2012. During the first 24 hours, this well flow tested at a rate of approximately 840 BOPD from the tight oil Loma Montosa reservoir. This well is currently flowing naturally at a choke-restricted rate of 212 BOPD of 33.8°API oil with a 0% water cut.
