Echo Energy commences drilling EMS-1001 well on the Fraccion C licence
Published by Laura Dean,
Deputy Editor
Oilfield Technology,
Echo Energy plc, the Latin American focused upstream oil and gas company, has announced the commencement of drilling of the third exploration well in a four well back-to-back campaign in the Company's Fracción C and Laguna de Los Capones assets, onshore Argentina in Joint Venture between Echo and its Argentine partner Compan~i´a General de Combustibles S.A. ("CGC").
The Petreven H-205 rig has commenced drilling of the Company's third exploration well EMS-1001 ('El Molino Sur') which is located in the southern area of the Fracción C licence. The well is targeting a structural 4 way closure at the Springhill and Tobifera levels and will be drilled to a measured depth of approximately 2250 m. Gross prospective unrisked oil initially in place for the structure on a Pmean basis is estimated at approximately 60 million bbls (included in the recent Competent Person's Report produced by Gaffney Cline & Associates).
The Company will update shareholders with progress on the exploration drilling programme as the programme advances.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/12062018/echo-energy-commences-drilling-ems-1001-well-on-the-fraccion-c-licence/
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