Neiva

The Neiva field is located in the Upper Magdalena Valley Basin, where we are partnered in an IPC with Ecopetrol. The field reached peak production of 7,000 bopd in the early 1980s, and the multi-zone reservoirs are suitable for low-risk exploitation.

Work Program

The strategy at Neiva centres on optimizing production through low-risk drilling, well workovers and fracturing programs. Since the initiation of our work program in 2002, eight wells were drilled; seven successfully targeted the Honda formation, and one successfully targeted the Doima/Chicoral formation. In early 2007, a pilot waterflood was initiated in a small portion of the field and, with an earlier than expected response, we have plans for expansion. Our drilling inventory includes approximately 31 infill locations, eight of which are scheduled for the second half of 2008 and 25 fracture stimulation candidates, 21 of which are scheduled for the second half of 2008.

Read more about Neiva Geology.