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Parex Resources and Ecopetrol

Parex Resources and Ecopetrol discovered hydrocarbons in two formations in the Andina Norte-1 exploration well in Arauca, Colombia. The well was drilled to a total depth of 18,852 ft in the Capachos Block in the Llanos Basin near the Colombian border with Venezuela. It encountered oil-bearing reservoirs in the Guadalupe and Une formations, and produced a combined 3,406 B/D of light crude oil and 5.8 MM ft/D of natural gas over multiple days of testing. Parex and Ecopetrol each hold a 50% stake in the well.


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