Global Energy Development inks rig contract to drill Rio Verde prospect in Colombia

Global Energy Development signed a rig contract with Saxon Energy Services de Panama S.A. for the drilling of the Rio Verde 2 exploratory well within the Colombian Rio Verde contract. While the well is deemed exploratory it is located on an identified geologic structure over which Global Energy Development has previously acquired 3D seismic.

Rig mobilization is expected to commence at the beginning of March 2010 with the well drilled, completed and tested prior to May 2010. The Rio Verde 2 well has a proposed total depth of approximately 12,500 feet and will target three different formations.

Saxon supplied the rig and other related drilling services for two other wells which the Company has successfully drilled on the contract area.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs