Camp Sacha will drill 10 more wells

Ecuadornews:

The Sacha Camp, operated by Petroamazonas EP since August 2016, plans to drill 10 additional wells this year.

This was reported by the Ministry of Energy and Non-Renewable Natural Resources in a statement. Until Wednesday, April 17, the oil production of Camp Sacha, Block 60, located in Orellana, registered a production of 70,021 barrels per day of crude oil.

This increase is largely due to drilling work. Álex Galárraga, general manager of Petroamazonas, explained that the average cost of drilling and completion in the field, for new wells, is $ 3.5 million.

What represents a savings of $ 2.8 million compared to other years. In 2018, the Sacha field generated net income of around $ 1,370 million. It is one of the most important oil fields, its reserves are estimated at 350 million barrels. (I)

Source: https://www.eltelegrafo.com.ec/noticias/economia/4/campo-sacha-perforacion-pozos-petroamazonasep