Ecopetrol Discovers Crude Oil in Colombia

Ecopetrol has discovered crude oil in the Mito-1 exploratory well, in the Meta province of Colombia.

The well, which is located in the Cano Sur block, was drilled vertically to a depth of 3,310ft, and was completed with an artificial lift system using a progressive cavity pump.

The accumulation of hydrocarbons was proven in the basal sands of the Carbonera formation.

Testing conducted to date shows a production of crude oil of 13.5° API, with an average flow of 225 barrels per day, a water cut on the order of 10%, and a daily average production of 200 barrels of crude.

The firm will carry out evaluations of the conditions for production and behaviour of the discovered deposit in the coming weeks.