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/
