Latin America-focused oil and gas group GeoPark Holdings has unveiled new exploration discoveries in its recently-acquired Colombian properties.
Well 1 on the Max Oil Field discovery is currently test-flowing around 1,220 barrels of oil per day (bopd), but requires further testing to determine expected and stabilised production rates. The Gacheta formation produced at a rate of 149 barrels of fluid per day (bfpd), the Guadelupe formation produced at a rate of 299 bfpd and the Mirador at a rate of 637 bfpd. Delineation drilling on the Max Field is expected to begin during the third quarter of this year.
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