Pacific Rubiales discovers oil onshore Colombia
Pacific Rubiales has discovered oil at its Abanico 20 well located within the Abanico Block, in the Upper Magdalena
Valley of Colombia.
The Abanico 20 exploratory well was drilled in the north-eastern section of the Abanico oilfield, located in the
Magdalena Upper Valley Basin, from May 18 to 30, 2009. The well found the Lower Guadalupe Member at 2,986 feet
measured depth (MD), or 1,809 feet true vertical depth at sub-sea level (TVDSS).
The petro-physical evaluation shows a net-oil pay of 113 feet in these sandstones, with an average porosity of 22.6
%. A total of 46 feet were perforated in the interval 2,990-3,036 feet MD, resulting in an initial, natural flow oil
production of 901 bpd of 22.5 degrees API oil and 4.7 % BSW.
The well extends the known accumulation of the field to the northeast.
The company is now planning an extended production test. Pacific Rubiales has a 50 % working interest in the
non-commercial area of the Abanico Block, where this well is located, and which was acquired by the company in the
Kappa Resources acquisition in 2008.
Ronald Pantin, the company's Chief Executive Officer, stated, "The results announced today reinforce our belief in
the robustness of our exploration activity and its potential to continue adding value."
