Canacol Energy Discovers Oil In Colombian Well
News: Canada-based Canacol Energy has discover ed oil at the Oso Pardo 1 exploration well in Colombia, Oil Voice reports. The well, located on the Santa Isabel Explorationa and Production contract in the Middle Magdalena Valley, was spud on June 10 2013. It was initially designed to drill to a measured depth of 10,199 feet ; however , technical problems were encountered which compromised the integrity of the well bore. The company subsequently exercised its option to continue shallow operations. The well encountered two oil filled sandstone intervals at 3,665 feet and 3,800 feet.