CGC suspended the Estancia Chiripa Sudoeste x-1 new field wildcat in the Estancia Chiripa exploration permit, in the southeastern Santa Cruz province portion of the Austral Basin. The well tested low pressure gas after fracking over the 2,023-2,026m interval. It targets the Late Cretaceous to Eocene Lower Magallanes Formation source rock. The well was spud on 24 May and finished drilling by 8 June 2017 with a 2,555m TD. In 2009 former operator Petrobras plugged and abandoned the Estancia Chiripa a-2 appraisal after some oil and gas was found in the Lower Palermo Aike horizon. CGC operates the block with 83% and provincial company Fomicruz holds 17% WI.
CGC suspended the Estancia Chiripa Sudoeste x-1 new field wildcat in the Estancia Chiripa exploration permit, in the southeastern Santa Cruz province portion of the Austral Basin. The well tested low pressure gas after fracking over the 2,023-2,026m interval. It targets the Late Cretaceous to Eocene Lower Magallanes Formation source rock. 