In early-2020, local sources reported that state company ENAP has plugged and abandoned its Tiuque 1 new-field wildcat (NFW) well on the Coiron block in December 2019 after production testing in August and September 2019 did not produce positive results. The well reached an undisclosed total depth (TD) in June 2019 after it was spudded in April 2019 with expected investment of USD 7.3 million and objective of unconventional tight gas from the Paleocene-age Zona Glauconitica sandstone. ENAP operates the block with 51%, while US-based ConocoPhillips holds the remaining 49% stake.  Coiron block covers 1,647 sq km of land in Magallanes Basin. The block is situated directly adjacent to GeoParkâs best producing asset, Fell block.  Chilean environmental regulator, SEA, previously granted ENAP the approval to hydraulically fracture Tiuque 1 in January 2019, following an EIA that was originally filed in September 2018.  Background Information  ConocoPhillips signed a farm-in agreement with ENAP for the Coiron block in June 2016 with expected investment of up to USD 100 million over the next four years.
Chile, Fell