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. Average initial flow rates for new wells are approximately 80 to 150 bopd, and our fracturing program has resulted in improved productive capability on existing producing wells. A secondary recovery waterflood is also being initiated. In 2006, we competed our second full year of the 19-year complimentary phase of the IPC. To date, we have drilled seven wells into the Honda formation, one well into the Doima/Chicoral formation and have performed 16 workovers.

Read more about Neiva Geology.