BlR to start Arce output in May 24 Mar 2006 15:29
Black Rock to start Arce output in May - Colombia
Published: Thursday, March 23, 2006 11:40 (GMT -0400)
British oil junior Black Rock Oil & Gas (AIM: BLR) is steam-testing the Arce field in the Las Quinchas block of Colombia's Middle Magdalena basin and will start first production in May, Black Rock managing director Ivan Burgess told BNamericas.
Arce is thought to hold gross recoverable reserves of 5 million barrels of heavy oil. Production from the four wells already drilled could be in the region of 150 barrels a day per well, Burgess said, adding that as many as 30 wells could eventually be drilled.
Black Rock bought a 50% interest in the 249,000 acre Las Quinchas association contract from Kappa Resources in 2005.
On the Baúl field in the same block, technicians are evaluating the well and casing, and if both are in good condition, the company will prepare them for production early in the second half of the year, Burgess said. Production there will probably be similar to that at Arce but from one well only, with further wells dependent on how the first one performs.
Black Rock has a 50% non-operating interest in the Alhucema contract that lies immediately north of Las Quinchas. Black Rock and Kappa are acquiring 2D seismic and could start drilling this year.
By Karl Royce
BNamericas.com