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Echo Energy Provides Santa CruzSur Operational Update

Source: www.gulfoilandgas.com 1/20/2020, Location: South America

Echo Energy, the Latin American focused upstream oil and gas company, is pleased to announce that the Campo Limite exploration well (CLix-1001) in the Palermo Aike concession of Santa Cruz Sur has been drilled to a total measured depth ("MD") of 2,247metres and wireline logging has now been completed.

On the basis of encouraging initial data from drilling and logging operations, a decision has been made with the Operator,SelvaMaria Oil and GasS.A.* to move to the next stage of operations to complete and test the well.

The target Springhill Formation was encountered at 2,124 metres. Initial analyses of the wireline log data have been completed and have highlighted a zone of interest comprised of fine grained sandstones. This unit also coincided with elevated gas shows of 193,000 parts permillion ("ppm") against a background of 20,000 ppm.

The presence of elevated gas shows in the target section combined with wireline log datais positive and has resulted in the Company and the Operator taking the decision to move to completion and testing. The Company cautions that completion of the well testand analyses of the results is needed to conclusively establish the presence of producible gas.

The well will be completed by the Petreven H-205 rig followed by conventional inflow testing with a workover rig. Mobilisation is currently being scheduled.

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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 


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