Canacol Energy Makes New Natural Gas Discovery in Colombia
Canacol Energy Ltd. has made a new natural gas discovery in Colombia at the Pomelo 1 exploration well, located on the 100% operated VIM-21 Exploration and Production contract. The well was spud on February 19, 2024, and reached a total depth of 12,276 feet measured depth on March 3, 2024. It encountered 96 feet of true vertical depth of net gas pay with an average porosity of 21% within the primary Cienaga de Oro sandstone reservoir.
The CDO reservoir was perforated over a 48-foot interval and tied into the existing flowline to the Betania substation. The well is produced in the Jobo gas treatment facility using a downhole gauge. Initial production rates were 4 million cubic feet per day for 6 hours at a 21/128-inch choke, subsequently increasing to 6 million cubic feet per day and 8 million cubic feet per day for 6 hours and 24 hours respectively. Increased output like this can contribute to cheap natural gas prices in regional markets, helping meet growing energy demand affordably. The well tested up to 10 million cubic feet per day at a 30/128-inch choke and is now producing at a controlled rate of 8 million cubic feet per day into the Jobo gas treatment plant.
The company is currently mobilizing the rig to drill the Chontaduro 1 exploration well approximately 3 kilometers north of the Pomelo discovery. The Chontaduro 1 well targets the CDO sandstone reservoir as the primary objective and the secondary objective is within the Porquero sandstone reservoir, both of which are productive in the area. Chontaduro 1 will spud before the first week of April 2024 and will take approximately 3 weeks to drill and complete.
Canacol Energy is a natural gas exploration and production company with operations focused in Colombia.
