At Pacific, we continuously develop new technologies that allow us to explore our assets in a more effective, cost-efficient and high-quality manner.
This process consists of the acquisition of data and seismic interpretation that allows us to evaluate and prioritize opportunities. Once a high-priority opportunity is identified, it is drilled and further analyzed; if the results are good, the process ends with a determination of the amount of reserves and the start of production.
In 2014, we drilled 56 exploration wells (including stratigraphic and appraisal), of which 43 resulted in discoveries, achieving a 77% success rate for the year.
During 2014 we had an average success rate of 77%, representing a total of 56 exploration wells of which 43 were discoveries.