Parex Resources Announces Record Full-Year & Fourth Quarter Production, Arauca Discovery, and Publishes 2024 Guidance
Arauca (Business Collaboration Agreement with Ecopetrol S.A. (Parex 50% Participating Share)) Update(1)
- Arauca (Business Collaboration Agreement with Ecopetrol S.A. (Parex 50% Participating Share)) Update(1)
“Overall, the initial results that we are seeing from the first two wells at Arauca are promising. - Arauca-8 was drilled to a total depth of 21,010 feet as a pacesetting well and encountered the expected Guadalupe, Gacheta, and Une zones.
- The sidetrack is expected to be completed in late Q1 2024, with the well brought onstream in early Q2 2024.
- Parex will host a conference call and video webcast to discuss its Q4 2023 results on Friday, March 1, 2024.