The oil field discovered on Block 95, with the Bretaña 10-16-1X discovery well drilled in 1974, flowed 807 barrels of oil per day naturally without pumps for approximately six hours from the Vivian Formation. Well records indicate inconsistent oil gravity values of 13.1° API and 17.6° API. As the Bretaña well is located in a remote location, an oil gravity of 13.1° API will make this project challenging to develop in the current economic environment. If the oil gravity is 17.6° API, this project will likely be economic to develop in the current economic environment. Gran Tierra Energy is planning to drill a new exploration well in the fourth quarter of this year to further delineate this field and to explore deeper reservoir horizons not penetrated by the discovery well. A drilling site location has been identified and civil construction initiated for the Bretaña Norte 95-2-1X exploration well on this structure.Colombia
Gran Tierra Energy Announces Increased Working Interest And Contingent Resource Estimate For Block 95, Peru
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