Global Energy Development PLC, the Latin America focused petroleum exploration and production company, is pleased to announce that it has commenced mobilization of a drilling rig to the Primavera - Luna Llena field located within its Colombian Luna Llena Exploration and Production Concession contract (with mobilization expected to take three weeks.
The Company intends to perform drilling and completion operations in three wells back-to-back on the Contract area. The wells will be drilled to an approximate depth of 2,550 feet with drilling and completion estimated to take 10 days per well and each to be followed by a 10-day production test. These three wells are intended to evaluate the hydrocarbon potential of the 'El Miedo' sandstone in the upper Carbonera formation and will form the basis to assess a full development drilling programme for the Primavera - Luna Llena field.
The Primavera - Luna Llena field, formerly known as the El Miedo field, was subject to activity by two international oil companies in the 1980s that tested oil from more than one well at that time.