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GeoPark and Partner Wintershall Announce Neuquen Basin Discovery
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GeoPark and Wintershall have announced a new oil field discovery in the CN-V block in the Neuquen Basin, Mendoza Province of Argentina.
The Rio Grande Oeste 1 exploration well – operated by GeoPark - was drilled and completed to a total depth of 5,500 feet targeting the Grupo Neuquen formation, where fifteen different potential reservoir sands were identified. To date, GeoPark has carried out production tests in four reservoir sands, with early results showing a production rate by natural flow of approximately 300 bopd of 28.0 degrees API, with a 7% water cut.
The companies each have a 50% stake in the project.
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