The Tapir block in Colombia
Indie Arrow targets rapid production growth
Fears that left-leaning President Petro’s government would signal the end for Colombia’s oil industry appear unfounded
Arrow Exploration’s Tapir block is the most prolific in Colombia, Marshall Abbott, CEO of the AIM-listed independent, told Petroleum Economist in an interview. The firm has a $45m budget for this year and plans to drill 15 wells at Tapir, both horizontal and vertical. Horizontal drilling of three wells will begin by mid-April, and these wells “will take the company to the next level”, said Abbott, adding that “those wells have the potential to produce upwards of 2,000b/d” and pay out within just three months. The Calgary-headquartered firm operates Tapir with a 50% stake. “We are hoping to double production this year [from 3,250b/d in 2023]”, he added, stating that “our goal is to be at 10,0
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
19 November 2024
Energy minister says country is delaying first oil production until pipeline and refinery are ready
