Canacol Energy discovers a large gas reserve in the Lulo 1 well

Inspenet, May 10, 2023

The energy company Canacol Energy Ltd. has announced a major natural gas discovery in Colombia. On this occasion, it is the Lulo 1 exploration well, located near the town of Sahagún in Córdoba, Colombia.

The Lulo 1 exploration well is part of the 100% operated VIM21 Exploration and Production (E&P) contract, which was drilled in mid-April and reached a total depth of 8,434 feet measured depth (ft MD) by the end of the month past.

This well encountered 207 ft true vertical depth (ft TVD) of net gas pay with an average porosity of 21% within the primary Ciénaga de Oro (CDO) sandstone reservoir.

The company has reported that the well has been cased and several producing zones will be tested before connecting the well to permanent production, directly at the Jobo gas treatment facility, located just fifty meters from the drilling pad.

In fact, the success at Lulo has opened up an area of deeper potential within the CDO in and around the core producing area, which the Corporation intends to aggressively pursue. Upon completion of the well, the company plans to immediately drill the Lulo 2 well to assess the scope of the discovery.

Canacol Energy has also delivered test production results for the previously announced Saxophone 1 and Dividivi 1 gas discoveries and April 2023 natural gas sales.

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Saxophone 1 tests a combined rate of 16 MMscfpd

Canacol Energy spud the Saxophone 1 exploration well on December 2, 2022 on its 100% operated VIM5 E&P contract located in the Lower Magdalena Valley Basin. This well encountered gas within the Porquero and CDO sandstone reservoirs.

In the CDO reservoir, a 22-foot interval was drilled and flowed at an average rate of 6.1 MMscfpd over 12 hours, with a maximum rate of 8.4 MMscfpd with a 32/128” choke and a THP of 2,449 psig. without observing water production.

The Porquero reservoir, for its part, was drilled in a 57-foot interval and flowed at an average rate of 5.9 MMscfpd for 15 hours, with a maximum rate of 7.2 MMscfpd with a 35/128″ choke and a THP of 1,044 psig with eight barrels of water produced during the test.

Canacol Energy is currently in the process of connecting the well to permanent production. It indicated that a large 3D seismic program will be executed by the end of 2023 on this part of the VIM 5 block for the drilling of multiple appraisal and development wells.

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Dividivi 1 well test 5 MMscfpd

The company also drilled the Dividivi 1 exploration well in the same area where the Pandereta 1 well discovery was made. The Dividivi 1 well has resulted in a test production rate of 5 million standard cubic feet per day (MMscfpd) of natural gas. Canacol Energy continues to strengthen its presence in the hydrocarbons industry in Colombia and contribute to the growth of the country’s energy sector.

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Canacol Energy April Natural Gas Sales

Realized contractual sales of natural gas (which are gas produced, delivered, and paid for) were 180 million standard cubic feet per day (MMscfpd) in April 2023.

Source : Canacol Energy –

Photos: ShutterStock / Canacol Energy

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