Columbus Energy announced on 16 April 2018 that it has acquired 50% work interest in the Icacos field, from Primera Oil and Gas (subsidiary of Touchstone Exploration) for USD 500,000. In early 2018, Columbus reported that the field averaged a production of 25 bo/d. The sale is subject to final regulatory approvals. The current interest holders are Columbus with 50% and Primera Oil and Gas with the remaining 50%.  The Icacos field is located in the Southern Range Uplift 4km to the west north-west of the Cedros Field and 25km in the same direction from the Point Fortin refinery. The field was discovered by Dominion Oil with the Icacos 1 new field wilecat in 1965. The well flowed 773 b/d of 25Â° API oil and 241 Mcfg/d from the Upper Cruse Formation at a depth of 2,887 to 3,008 ft. (880 to 917 m) and 312 b/d of 25Â° API oil and 66 Mcfg/d from the same zone.   Background information  Source rocks are Turonian-Campanian and Albian ages in the Naparima Hill and Gautier formations, respectively. The Naparima Hill and Gautier formations are deep water deposits of hemi-pelagic sediments, turbidites and submarine fan sediments deposited on a passive margin continental shelf and slope, incised by submarine canyons, under anoxic or dysoxic conditions. These lithofacies are recognized in the source rocks: carbonate, siliceous and clastic. The siliceous and carbonate facies represent organic rich, hemi-pelagic sediments deposited under low oxygen conditions. The clasitc facies are nearshore and continental shelf sediments which are transported tot he continental slope along submarine canyons either through slumping, debris flow or turbidity currents.
Columbus Energy announced on 16 April 2018 that it has acquired 50% work interest in the Icacos field, from Primera Oil and Gas (subsidiary of Touchstone Exploration) for USD 500,000.