On 10 March 2020, partner Parex Resources Ltd announced it drilled and abandoned the Montuno 1 new-field wildcat (NFW) on the CPO 11 Block in the Llanos Basin.  The NFW is located toward the central western part of the CPO 11 Block, about 20 km southeast of the Daisy 1 NFW, which spudded in late November 2019 and was tested and abandoned.  The Montuno 1 NFW spudded sometime during 4Q 2019 or 1Q 2020 and reached an undisclosed depth.  The 2,587.58 CPO 11 Block is owned and operated 100% by Hupecol. The original CPO 11 Block was officially awarded to Ecopetrol (operator, 100%) in December 2008. Per terms of an August 2018 farm in agreement with Hupecol, Parex will acquire 108 km 2D seismic over the acreage and pay 100% of two exploration wells (Anacaona and Montuno) to earn 50% interest in the CPO-11 Block, subject to regulatory approvals.  Background Information  The CPO-11 Block has relatively good 2D seismic coverage, but no 3D surveys. A total of 12 wells exist in the block, 7 NFWs and 2 outposts. The first well drilled in the block was the Kantaka 1, which was plugged and abandoned dry in December 2011. Final TD 4,305 ft (1,312 m) was reached on 6 February 2013 and main objective in the Mirador Formation. The first discovery in the block was the Venus 2, drilled in 2013. The well tested 630 bo/d of 17Â° API oil with a 39% water cut during production tests, and it is assumed to be targeting Oligocene â Eocene sandstones of the Carbonera Formation.
Montuno 1 (Hupecol 100%) in CPO 11 block, P&A, no further results were available.