GeoPark Completes Jauke 2 Gas Well In Chile

(GeoPark, 3.Jun.2019) — GeoPark Limited drilled and completed the Jauke 2 gas well in the Fell block (GeoPark operated, 100% WI) to a total depth of 9,701 feet to the Tobifera formation, which is deeper than the formation currently under production.

A production test resulted in an average production rate of 5.9 million standard cubic feet of gas per day (988 boepd) with a wellhead pressure of 1,646 pounds per square inch. Additional production history is required to determine stabilized flow rates of the well and the extent of the reservoir. Surface facilities are already in place, the well is in production, and the gas is being sold to Methanex. 

The Jauke gas field was discovered during August 2018 with production in the Springhill formation. It forms part of the large Dicky geological structure, which has the potential for multiple development drilling opportunities targeting the Springhill and the Tobifera formations. Petrophysical analysis also indicates hydrocarbon potential in the shallower El Salto formation, which will be tested in the future.

Additional drilling is expected during 2H:19 to continue developing and delineating the large Jauke/Dicky geological structure.

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