THE GIBRALTAR DISCOVERY,

NORTHERN LLANOS FOOTHILLS

SERGIO ANDRES BELTRAN GONZALEZ
FABIO ANDRES PINEDA SANDOVAL

THE GIBRALTAR DISCOVERY

According to Ecopetrols subsequent
structural reinterpretation, this well
penetrated the back limb of a fault
propagation fold. This structural
model was confirmed with a
sidetrack well which penetrated the
Palaeocene Barco Formation and
demonstrated the presence of light
hydrocarbons.

THE GIBRALTAR DISCOVERY

Background to the Gribraltar Project

Gibraltar-1 was drilled by OXY

Occidental then relinquished the well due to commercial considerations

Ecopetrol decided to re-enter it and to drill sidetracks

The presence of light hydrocarbons was confirmed in the Barco Formation in sidetrack (ST)
3 and the Mirador Formation produced 690 barrels per day and 44 million cubic feet of
gas per day.

THE GIBRALTAR DISCOVERY

The decision to re-enter the well was based on a number of
criteria including:

Electric logs with deep resistivity readings of more than 1,000

ohm-m, suggesting the presence of light hydrocarbons in the
Mirador Formation

Modular Dynamic Formation Tester (MDT)

A gas leak out of casing

A re-analysis of the local structure

THE GIBRALTAR DISCOVERY

GEOLOGICAL BACKGROUND

The principal source rock for the oil encountered is the early Late Cretaceous
La Luna Formation.

TOC 1-6%

The formation is up to 600m thick in the Lake Maracaibo and Middle

Magdalena Valley Basins.

THE GIBRALTAR DISCOVERY

GEOLOGICAL BACKGROUND

Barco formation was penetreted and tested by ECOPETROL

Barco produced more than 5,000 b/d of low salinity water and light
hydrocarbons.

THE GIBRALTAR DISCOVERY

Mirador Formation was penetreted at 12000 ft.

Net pay in Mirador sandstones can reach several hundreds of feet The
formation is intensely micro-fractured.

Whipstock tool was located at 10462 ft

Gibraltar 1 azimuth 70 Dip 25

Whipstock

Drilling with oil-based mud

azimuth 231 Dip 70

THE GIBRALTAR DISCOVERY

Structural geology

THE GIBRALTAR DISCOVERY

THE GIBRALTAR DISCOVERY

Structural geology