Talisman and Ecopetrol discover hydrocarbons in block CPO-9 well, Colombia

Talisman (Colombia) Oil & Gas and Ecopetrol have discovered hydrocarbons in the Nueva Esperanza-1 exploratory well (A2b), situated in block CPO-9, Department of Meta.

Talisman and Ecopetrol are jointly analysing the results of the well, which reached a total depth of 12,056ft.

In the initial test, 309ft of perforations in the T2 formation stabilised at a daily flow rate of 910 barrels of 8° API crude oil.

Both the companies will submit an application with the Colombian authorities to place the Nueva Esperanza-1 well on long-term test.

The companies have secured approval to drill two down-dip appraisal wells, the first of which, Nueva Esperanza-2, began drilling operations on 16 November.

In 2010, Talisman and Ecopetrol have discovered hydrocarbons in the Akacias structure in Block CPO-9.

The companies are currently awaiting a development license after declaring commerciality of the Akacias field in December 2013.

The Nueva Esperanza structure is adjacent to the Akacias field. Further exploration wells are planned along the continuation of the trend.

Ecopetrol operates the Block CPO-9 with a 55% stake and Talisman (Colombia) Oil & Gas holds the remaining 45% interest.

Canadian upstream oil and gas firm Talisman has two core operating areas that include the Americas (North America and Colombia) and Asia-Pacific.