In May 2020, Ecopetrol indicated that the Olini Oeste 1 outpost well, in the northern part of the Tolima B Block in the Upper Magdalena Basin, was plug and abandoned dry.  The Olini Oeste 1 spudded on 24 December 2019 and reached a total depth (TD) of 5,000 ft (1,524 m) and a total vertical depth (TVD) of 4,900 ft (1,494 m).  It is assumed the outpost was targeting Miocene sandstones of the Honda Group believed to be targeted at the Olini 1 discovery, in a structural-stratigraphic trap made of an anticline truncated by an unconformity.  The 75.57 sq km Tolima B Block, Tolima Contract is owned and operated by Petrotesting Colombia S.A. with 46% working interest, and non-operating partner Ecopetrol with the remaining 54% since December 2012. The block was officially awarded in June 1986 to operator Hocol with 55% working interest and Isthmus Exploration Inc with 45% working interest.  Background Information  The Olini 1 new-field wildcat (NFW) spudded in June 1989 and it was suspended in July of the same year as an oil discovery. The NFW reached a TD of 6,230 ft (1,899 m) and it is assumed it was targeting Miocene sandstones of the Honda Group.  Besides the recently drilled Olini Oeste 1, three other outposts have been drilled to evaluate the Olini discovery: Olini 2, Olini 3 and Olini Sur 1. All those wells found oil.          Olini wells              Well Name         Spud Date         Td Feet         Td Meter             Olini 1         12-Jun-1989         6,230         1,899             Olini Sur 1         22-Jun-2005         4,026         1,227             Olini 2         06-Feb-2013         4,323         1,318             Olini 3         30-May-2013         4,650         1,417             Source: IHS Markit               Â©   2020 IHS Markit
 Ecopetrol indicated that the Olini Oeste 1 outpost well, in the northern part of the Tolima B Block in the Upper Magdalena Basin, was plug and abandoned dry.