Frontera Energy (formerly Pacific E&P) announced in Q3 2017 that the Agencia Nacional de Hidrocarburos (ANH), on 3 October 2017, approved the transfer of SSJN-7 to Canacol Energy subsidiary CNE Oil & Gas SAS. In late April 2017, Canacol agreed to acquire 50% operated interest in the SSJN-7 Block (Sinu-San Jacinto Basin), from then known Pacific E&P, for a consideration of the contractual exploration obligations to the ANH. ONGC holds the remaining 50% WI in the SSJN-7 Block. Canacol holds 100% operated working interest in the adjacent VIM-5 and VIM-19 blocks. 332km of 2D seismic survey data was acquire over the SSJN-7 Block in 2012. Canacol plans to reprocess 2D seismic data, and will acquire additional 2D and 3D seismic data to advance leads to prospect status and to identify more leads and prospects. Canacol plans to acquire new seismic and drill an exploration well in the next 18 months.
Colombia, SSJN 7