Skip to main content

Echo Energy commences drilling EMS-1001 well on the Fraccion C licence

Published by
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:

You might also like

EIA expects US fossil fuel production to increase through 2022

The US Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Upstream news Upstream drilling news Oil & gas news