EVN-x127 Oct 2020 07:15
As it had previously announced, the intended target at EVN-x1 was an undrilled and undrained structure within the larger Estancia Vieja field, where the P50 success case for the well was oil of 250 barrels per day, and gas of 60,000cubic metres per day, and where the structure as a whole could contain between five million and 14 million barrels of oil in place, and between 11 billion and 26 billion cubic feet of gas.
“In the event of success, it would open the possibility of some six follow-on wells, of which five would likely target gas and the other oil,” the board said in its statement.
“There are no current reserves booked for any part of this structure.”