LUKOIL OVERSEAS HAS STARTED DRILLING ON LENGUPA STRUCTURE OF THE CONDOR EXPLORATION BLOCK IN COLOMBIA
Deep exploration drilling has
started on Lengupa structure under the Condor project, implemented by LUKOIL
Overseas (70%) and Ecopetrol National Oil Company
(30%).
The Agreement on Condor block was signed on April 7, 2002. The agreement
covers exploration operations at the block over a period of six years and field
development over 22 years in case of a commercial discovery. The area of the
block is 3089 square kilometers. LUKOIL Overseas Colombia Ltd. is the project operator, with its office
located in Bogota, the capital of
Colombia. Condor
is located in the foothill of Eastern Cordillera in the western part of Llanos
oil & gas basin and is one of the largest exploration blocks in
Colombia .
Lengupa-1 well is located on the dome of Lengupa structure, which is located
in Paratebueno municipality in the state of Cundinamarca. Design vertical depth
of the well is
2700 meters ; the elevation of the well site is
950 meters above the sea level. The drilling rig contract was
signed with Nabors International, an American company, based on tender results.
Presumably, the drilling will last for 4.5 months. It will be the fist time,
when
LUKOIL Overseas uses casing pipe
technology while constructing the well, which means that the well casing is done
simultaneously with the drilling process. It increases footage rate and
mitigates the risk of emergencies. Based on results of the deep exploration
well drilling an oil field possessing commercial reserves was discovered on
Medina structure of Condor block in 2007. This field is currently being prepared
for commercial operations.
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