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The national oil company said that there was presence of dry gas and light crude oil.
Juan Pablo Vega B. – [email protected]
The national oil company Ecopetrol announced that it was confirming the presence of hydrocarbons in the well Búfalo-1, which is located in the municipality of Guaduas, Cundinamarca. The well is the first discovery in the VMM 32 exploration contract.
According to the oil company, "the discovery was recorded at a depth of 1,153 meters in the basin of the Middle Magdalena Valley, where the"
Before the discovery, Felipe Bayón, president of Ecopetrol, said that "it is satisfactory to add a new conclusion to the development of the exploration campaign that we have carried out Colombian territory. "
" The presence of crude oil and significant gas potential in Bufalo-1 opens up new opportunities in the Magdalena Valley and will allow us to to have new gas reserves in the center of the country. "Bayón said
The Bufalo-1 well is operated by Ecopetrol, which holds a 51% stake. His partner is Cpven, which holds the remaining 49%. "It is satisfying to add a new conclusion to the development of the exploration campaign that we have conducted on Colombian territory.The presence of crude oil and significant gas potential at Bufalo-1 opens new opportunities in the Middle Magdalena Valley basin and will allow us to have new gas reserves in the center of the country in the future, "said Felipe Bayón Pardo of Ecopetrol [19659004] The drilling work met the environmental requirements, without any accident and in perfect harmony with the communities of the region.
The Bufalo-1 well is located very close to the transport infrastructure of Ecopetrol, which could be facilitating its commercial production stage.
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