GeoPark operations in Latin America. (Source: GeoPark Ltd.)
GeoPark Ltd. announced the startup of production at the Confluencia Norte Block in Rio Negro, Argentina, on Nov. 12.
GeoPark holds a 50% working interest in the block and operator Phoenix Global Resources (PGR) holds the remaining 50%.
The Confluencia Norte Block recently completed its first pad of three unconventional wells, which began production in mid-October. The pad includes a vertical pilot well and three horizontal wells reaching a total measured depth of 6,300 m. Gross production has reached 4,000 bbl/d, with production being transported to the Mata Mora Norte Block facility. The wells are expected to reach peak production within 90 days.
“The start of production at the Confluencia Norte Block in Rio Negro Province is a significant milestone, marking our first major exploration achievement in Vaca Muerta and validating the immense potential that underpinned our entry into this world-class basin,” GeoPark CEO Andrés Ocampo said in a press release.
As part of its exploration commitment in the Confluencia Norte and Sur blocks, PGR has completed the acquisition of 228 sq km of 3D seismic data, which is currently undergoing interpretation. PGR and GeoPark are working closely to expand the exploration and development of these assets.
Recommended Reading
E&P Highlights: May 19, 2025
2025-05-19 - Here’s a roundup of the latest E&P headlines, from a new oil discovery offshore Brazil to Libya’s latest upstream licensing round.
E&P Highlights: April 14, 2025
2025-04-14 - Here’s a roundup of the latest E&P headlines, from CNOOC’s latest production startup to an exploration well in Australia.
On the Market This Week (May 26, 2025)
2025-05-30 - Here is a roundup of marketed oil and gas and mineral and royalty leaseholds for the week of May 26, 2025, in the Midland, Delaware and Denver-Julesburg basins and Marcellus and Utica shales.
US Drillers Add Oil, Gas Rigs for First Time in Four Weeks
2025-04-18 - The oil and gas rig count rose by two to 585 in the week to April 17. Despite this week's rig increase, Baker Hughes said the total count was still down 34 rigs, or 5% below this time last year.
US Drillers Add Oil, Gas Rigs for Second Week in a Row
2025-04-25 - The oil and gas rig count rose by two to 587 in the week to April 25. Despite this week's rig increase, Baker Hughes said the total count was still down 26, or 4% below this time last year.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.