Cepsa: 'Encouraging Results' from Maiden Peru Well January 27, 2014 EXPLORATION,
Cepsa: 'Encouraging Results' from Maiden Peru Well
Location of Block 131 in Ucayali Basin Source: Cepsa Feb-2008 press release
Cepsa announced that it has yielded 'encouraging results' from the Los Ángeles 1XST exploration well, drilled in Block 131 in Peru’s Ucayali Basin. This is the first well drilled by Cepsa in Peru.
The company stated that additional work will now be done to evaluate the preliminary results at the well in order to determine the viability of the project.
Cepsa started operating in the country in 2007. It currently holds interests in Blocks 130, 114 and 131.
Block 131 ownership: Cepsa (70%, operator) and Pan Andean Resources (30%).
View Cepsa press release
View Cepsa press release from Feb-2008
Then a week later....
Cepsa Makes Oil Discovery in Block 131, Peru February 5, 2014 EXPLORATION, OTHERS
Cepsa Makes Oil Discovery in Block 131, Peru
Source: Cepsa press release from Feb-2008
Pacific Rubiales Energy announced that Cepsa has discovered oil in the Los Angeles-1X exploration well in Block 131, Ucayali Basin, Peru. The company encountered 62 ft of net pay in the Cretaceous aged Cushabatay formation.
The well was spud in mid-Sep-2013 and reached a total depth of 12,409 ft in late Nov-2013. Final flow rates from the three test intervals were 135 bbl/d, 936 bbl/d and 2.3 Mbbl/d respectively of 44° to 45° API light sweet oil.
Block 131 ownership: Cepsa (70%, operator) and Pacific Rubiales (30%).
View Pacific Rubiales press release
View Cepsa press release from Feb-2008
These are the only PRs on the Peru blocks except one in 2008 announcing the deal to acquire the blocks.
