Interoil Signs of Blocks LLA 47 and COR 6

Source: www.gulfoilandgas.com 5/18/2011, Location: South America

Interoil Colombia has signed the exploration blocks LLA 47 and COR 6 with the Colombian Hydrocarbon Agency (ANH) awarded in the Colombian Licensing Round 2010. The LLA 47 license is located in the prolific Llanos basin and covers an area of 447 km˛. The COR 6 is located in the Middle Magdalena Valley close to our existing producing licenses and covers an area of 399 km˛.

Two wells have been drilled in the COR-6 block in the Middle Magdalene Valley. Tijeras-1 well discovered oil in the Upper Guadalupe Formation and was abandoned after testing of 127 BOPD. A second well, Aleli-1, was stopped and abandoned prior to reaching the target. Interoil is committed to acquire 150 km˛ of 3D seismic and to drill 2 exploration wells during the initial exploration phase of 36 months.

Two wells were drilled in the Southernmost part of the LLA-47 block testing a structural closure at the C7 level. The Lince-2 well was a re-drill of Lince-1 and tested some 90 BOPD after experiencing technical difficulties. Interoil is committed to acquire 350 km˛ of 3D seismic and to drill 8 exploration wells before September 2014.

Interoil will do more technical work in order to optimize the position of the 3D seismic surveys. The preliminary plan is to acquire the 3D seismic during early 2012 in order to start drilling late 2012.

Interoil is the operator of the two blocks with 100% working interest. Interoil will consider farming-out part of the licenses. Interoil was initially offered 3 blocks in the 2010 ANH license round.


Brazil >>  6/27/2022 - Petrobras, following the announcements released on 02/08/2021, 08/25/2021 and 10/01/2021, informs that it restarted the sale processes of the Abreu e ...
South Africa >>  6/27/2022 - In accordance with a farmout agreement (the "Agreement"), Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with a focus on the offsh...

United States >>  6/27/2022 - Sitio Royalties Corp. (STR) ("Sitio") announced that it has completed the acquisition of over 19,700 net royalty acres ("NRAs") in the Permian Basin f...
Brazil >>  6/24/2022 - Petrobras, following up on the release disclosed on 06/23/2022, informs that it signed with BW Energy Maromba do Brasil Ltda (BWE), the contracts for ...

Brazil >>  6/23/2022 - Petrobras, following up on the release disclosed on 06/14/2022, informs that its Executive Board, in a meeting held, approved the sale of its total st...
Brazil >>  6/23/2022 - BW Energy has been notified that the Company’s offer to acquire the Golfinho and Camarupim Clusters offshore Brazil has been approved by the Petrobras...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.