Envoi has been engaged by PetroSantander Inc., a private, Houston-based production company which, as part of its assets in Colombia, has been operator of the Las Monas Block since 1995, including the three producing (La Salina, Corazon and Payoa) fields this contains, situated in the prolific multibillion barrel oil and gas producing province of the Middle Magdalena Valley Basin, onshore northern Colombia.
Although PetroSantander's 70% equity in the Las Monas Block production is not included in the opportunity, PetroSantander also own and operate 100% of the remaining exploration potential and have imaged and mapped the very large San Benedicto sub-thrust exploration prospect in their Block, which is estimated to be capable of containing in excess of 200 MMbbls recoverable. This is well defined on 3D time and depth images, deeper in the section, immediately beneath the existing three fields. These have already recovered more than 500 MMboe from excellent quality stacked Tertiary (Palaeocene to Miocene) aged fluvial reservoir sands trapped in the shallower thrusted anticlinal closures associated with the large Las Monas Fault system that runs N-S through the Block.
For additional information, please click the "Company Website" Link.