GeoPark Announces Successful Indico Field Drilling in CPO-5 Block in Colombia With Initial Flow Rate of 5,500 BOPD Of 35.2° API - GeoPark
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Bogota, Colombia – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina today announced the successful testing of the Indico 2 appraisal well in the CPO-5 block (GeoPark non-operated, 30% WI1 ) in Colombia.

The operator ONGC Videsh drilled and completed the Indico 2 appraisal well to a total depth of 10,925 feet. A test conducted through natural flow in the Une (LS3) sandstone formation resulted in a production rate of approximately 5,500 bopd2 of 35.2 degrees API, with a 0.1% water cut, through a choke of 40/64 inches and wellhead pressure of 330 pounds per square inch. Additional production history is required to determine stabilized flow rates of the well. Surface testing facilities are in place and the well is already in production.

Read the full press release.

1  Through GeoPark’s 100% ownership in Petrodorado South America S.A. Sucursal Colombia (Colombia).