Pacific Rubiales announces offshore well test results

Pacific Rubiales Energy Corp. announced the test results of its Kangaroo-2 appraisal well located in the offshore Santos Basin in Brazil.

Pacific Rubiales Energy Corp. announced the test results of its Kangaroo-2 appraisal well located in the offshore Santos Basin in Brazil. The company, which has a 35 percent working interest in the Kangaroo-2 well, stated the well reaffirmed the findings of previous tests, that there is a 820 foot gross oil column in Cretaceous- and Paleocene-aged reservoirs.

The well showed a maximum oil flow rate of 3,360 barrels of oil per day, when tested for a 36-hour period at a lower interval in the target reservoir. A second test conducted after the well had 57 hours to build up pressure and with an additional 131 feet opened showed the well achieved a 3,700 bpd.

Pacific Rubiales and Karoon Gas Australia Ltd, the operator of the well and other owner, are expected to conduct more tests on the well within the next week, according to the press release. Once testing is completed at the Kangaroo-2 well, the drilling rig will move to the Kangaroo West prospect less than 3 miles away.

Further exploration success
Pacific Rubiales also announced the beginning of testing on the Los Angeles-1X well in Peru and the spudding and drilling of multiple wells in Colombia.

The Los Angeles-1X well is in the Cushabatay formation and as of Dec. 18, has produced about 233 millions of barrels of oil. It is currently drilled to a depth of 5,858 feet.

The company spud the Ardilla-1, Avispa-2, Gulupa-1, Espadarte-1, Matapola-1D and Lapon-1D wells located throughout Colombia. It has also drilled the Langur-1X exploration well to a depth of 13,717 feet where it met 14 feet of net play in the Gacheta formation.

More information on oil in Brazil can be found at PennEnergy's research area.

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