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Colombia

Onshore Colombia
Middle Magdalena Basin - Rosa Blanca

In September 20, 2006, the Company applied for an exploration Licence covering 45,000 Ha of acreage in the upper part of the Middle Magdalena Basin. The block, known as Rosa Blanca, is surrounded by the nearby oil producing fields of Cristalina, Santa Lucia, Tisquirania, Totumal, Baturama and the South Bolivar Block.

The petroleum system within the Rosa Blanca Block has been proved in nearby oil wells and fields which reduces the geological risk significantly.  The Company believes that the presence of the fractured reservoir zones within the reservoir rock is the main operational risk.

Project Type: Exploration
Partners:

  1. Gold Oil (40%)
  2. Empesa (10%)
  3. Osage (25%)
  4. Lewis (25%)

Future Obligatory Commitments:

PERIOD
WORK PLANE
1st Period (12 months)
  • Drill one exploration well
  • Exploratory evaluation
  • Surface Geology
  • Magnetotelluric Outline
  • Seismic Interpretation
  • This first exploration phase is done
2nd Period (12 months)
  • Acquisition of 60 Km of 2D seismic
  • Re-interpretation of old 2D seismic information and integration of the results with the exploration well
3th Period (12 months)
  • Drill one exploration well
  • Preparation of the static & dynamic geological model
4th Period (12 months)
  • Drill one exploration well
  • Re-evaluation of the exploration period
5th Period (12 months)
  • Drill one exploration well
  • Re-evaluation of the exploration period
6th Period (12 months)
  • Drill one exploration well
  • Re-evaluation of the exploration period

 
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Gold Oil Plc has the following assets for which it is looking for partners:

Peru Offshore Block Z34 Prospect Summary Oct 2009
Download (2.4 MB)

Farmin Opportunity Block XXI May 2009
Download (2.4 MB)

 


 
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