(WO) — NG Vitality has spudded the second properly in its six-well drilling marketing campaign at Colombia’s Sinú-9 block whereas finishing pipeline infrastructure upgrades anticipated to extend fuel transportation capability as growth advances throughout its Colombian property.
The Magico-2X properly was spudded June 26 and is focusing on the newly found Pre-CDO–San Cayetano formation, following encouraging outcomes from the Hechicero-1X properly. The properly is deliberate to achieve a complete measured depth of seven,500 ft and is anticipated to take roughly 35 days to drill and full earlier than being tied into the central processing facility.
Hechicero-1X beforehand examined at charges of as much as 26.4 MMcfgd from the Pre-CDO–San Cayetano interval. Operator Maurel & Promenade Colombia is at the moment producing the properly at a managed charge of roughly 15 MMcfgd to help long-term reservoir efficiency.
NG Vitality additionally introduced completion of the INFRAES pipeline loop to Jobo. Commissioning actions on the Jobo and Guayabal services are underway and are anticipated to extend gross fuel transportation capability at Sinú-9 from 30 MMcfgd to between 40 MMcfgd and 45 MMcfgd. Present subject manufacturing is roughly 17.5 MMcfgd gross.
On the Maria Conchita block, manufacturing at the moment averages roughly 14.8 MMcfgd gross, with current infrastructure able to dealing with as much as 30 MMcfgd. The corporate mentioned workover operations on the Aruchara-1 properly are anticipated to conclude by July 10, after which drilling will start on the Aruchara-6 growth properly.
Individually, NG Vitality confirmed receipt of the most recent $15 million installment from Etablissements Maurel & Promenade below the businesses’ Sinú-9 transaction, bringing complete proceeds obtained to roughly $135 million. The ultimate $15 million fee is anticipated later this month.