Anadarko finds gas in ultra-deep waters offshore Colombia

7/29/2015

BOGOTA, Colombia -- Anadarko Petroleum's Kronos-1 well has proved the presence of hydrocarbons in the ultra-deep waters of the Colombian south Caribbean area, Ecopetrol, a partner in the well, said.

This discovery proves the geological model proposed for an unexplored area with high hydrocarbon potential, the Bogotá, Colombia-based company said Tuesday.

Kronos-1 is located in Fuerte Sur Block, 53 km offshore Colombia, where Anadarko, the operator, and Ecopetrol each hold a 50% interest.

According to operator's quarterly operations report, after drilling at a water depth of 1,584 m, the well reached a total depth of 3,720 m and encountered a net pay thickness between 40 m and 70 m of gas bearing sandstones.

Ecopetrol and Anadarko's integrated technical teams are continuing to evaluate the Kronos discovery results. Drilling operations are continuing.

Juan Carlos Echeverry, Ecopetrol's president, said, "This discovery adds to the one accomplished in December at the Orca-1 well, located in the deep water of Tayrona Block offshore Guajira, where we are partners with Petrobras, Repsol and Statoil. These results are very important and confirm the potential of the Colombian Caribbean petroleum system in a vast area and are aligned with Ecopetrol's new strategy, in which one of the key areas is the exploration on high potential marine basins."

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