Ecopetrol announces oil discovery at the Venus-2 well in Colombia

Apr 03, 2013 12:00 AM

Ecopetrol reports that it has proven the presence of crude oil at Venus-2, an exploratory well located within the Municipality of San Martin, Meta province.
The Venus-2 well is part of the CPO-11 block, governed by the Exploration and Production Agreement of December of 2008, between Ecopetrol and the National Hydrocarbons Agency.

Ecopetrol holds a 100% interest in this block.
Initial tests carried out using an electro-submersible artificial lift, yielded an average crude oil production of 630 barrels of oil per day (BOD) of 17 degree API and a water cut of 39%. Ecopetrol plans to continue its exploratory activities on block CPO-11 in the coming weeks.

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