Operations : Colombia : Ombu (Capella)
| Basin | Caguan-Putumayo |
|---|---|
| Gross Acres | 74,105 |
| Canacol Working Interest | 10% |
| Operator | Sinochem Group |
| Est. Original Oil In Place |
2.2 billion barrels |
| Reservoir Engineer | Netherland, Sewell & Associates |
History
The Ombu contract is located in the Caguan-Putumayo Basin in southern Colombia. The Caguan Basin is considered to be the northern extension of and contiguous with the Putumayo Basin. Ombu is currently operated by Sinochem Group of China (originally by Emerald Energy, a UK-based International which was acquired by Sinochem in 2009).
Capella Field Wells
| Capella Well | Drill Date | Total Depth (ft) | IP Rate (bbl/d) | # of Productive Zones | Location |
|---|---|---|---|---|---|
| Capella 1 | Jul-08 | 3,802 | 240 | 2 | |
| Capella 2 | Oct-08 | 3,550 | 345 | 2 | 1.3 km SW of Capella 1 |
| Capella 3 | Nov-08 | 3,850 | 135 | 2 | Drilled from Capella 1 |
| Capella 4 | Dec-08 | 3,545 | N/A | 2 | 1.6 km SW of Capella 1 |
| Capella 5 | Feb-09 | 3,314 | 108 | 2 | 3.4 km NE of Capella 1 |
| Capella 6 | Mar-09 | 3,645 | 200 | 2 | 4.2 km SW of Capella 1 |
Pursuant to the original farm-in agreement signed with Emerald, Canacol earned a 10% working interest in the Ombu contract by paying 100% of all activities associated with the drilling, completion, and testing of the Capella-1 exploration well. The Capella-1 discovery well was drilled in July 2008 and was followed by a series of successful development wells. To date, six vertical wells were drilled (Capella-1 through Capella-6), and all have confirmed the productive capabilities of the Upper and Lower Mirador. The first five wells have displayed cold flow tests ranging from 100 to 345 barrels per day and have displayed excellent permeability with 10 to 14 degree API oil.
While most of the fields in the Putumayo Basin produce from the Villeta and Caballos formations, the primary target at Capella is the Mirador formation, specifically the Upper and Lower Mirador formations. Capella is a large, elongated northeast-southwest fault anticline, representing approximately 24 kilometers in length. The field is located approximately 250 kilometers away from the nearest offloading station at Neiva. Currently, Capella's production is trucked to local markets.
Recent Activity & Outlook
The Corporation is currently participating in the drilling and completing of one horizontal well within the southwest part of the discovery and plans to conduct a steam injection pilot utilizing one of the existing vertical wells. Of the projects planned for this year, the steam injection pilot has the potential to have a significant impact on Capella's reserves and value. Currently the recovery factor from "cold" production is estimated to be approximately 10%. With a successful steam pilot test, the recovery factor could increase to 20%, thereby doubling the recoverable reserves and value of the field.
In the northeast part of the Capella discovery, Canacol is participating in the drilling of Romero 1 well, the first of three appraisal wells. In the southern part of the field, Canacol is participating in the appraising of approximately 89 square kilometers in area. Commencing in the third quarter of 2010, Canacol will participate in the drilling of three infill wells in the central part of the discovery, which may be vertical or horizontal depending on the success of the first horizontal well. Additionally, the Corporation will participate in the acquisition of 185 square km of 3D seismic and in the drilling of a water disposal well.
In 2010, Canacol and Sinochem plan to spend approximately US $50 million for drilling and infrastructure programs at Capella. The programs objectives are as follows:
(1) Increase production, reserves, and resources with appraisal and infill drilling
(2) Generate a full-field development plan by year end with the help of a 3D seismic program
(3) Quantify horizontal drilling and steam injection pilot results
(4) Install early production facilities and upgrade infrastructure to support increasing production from the field