Arrow Exploration spuds new well in Colombia

CALGARY, May 17, 2024 – Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on Thursday.

The Carrizales Norte B pad horizontal well targets the development of the Ubaque formation and is expected to be drilled to a true vertical depth of 2,560 metres (8,400 feet) and have a horizontal length of 549 metres (1,800 feet).

First production is expected in June 2024. At that stage, Arrow will drill a water disposal well and three more horizontal wells from the Carrizales Norte B pad and, following further drilling during the second half of 2024 at Baquiano and Matteguafa, the company plans to drill additional horizontal wells at Carrizales Norte towards the end of the year.

“After the Carrizales Norte discovery, we determined that the Ubaque reservoir could be developed most efficiently using horizontal drilling technologies and the successful spudding is a result of a year of preparation and geological, seismic, engineering and simulation work,” said Marshall Abbott, CEO of Arrow.

The company is also in the initial planning stage for a 3D seismic program in the southern end of the Tapir block where the intent is to further develop the Icaco and Macoya Este leads.

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