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PetroMagallanes has discovered new gas fields in Chile

Auckland-based Greymouth Petroleum’s subsidiary PetroMagallanes has found gas at the Clarencia 1A well drilled in Chile’s Caupolican Block.

PetroMagallanes has discovered new gas fields in Chile

Auckland-based Greymouth Petroleum’s subsidiary PetroMagallanes has found gas at the Clarencia 1A well drilled in Chile’s Caupolican Block. PetroMagallanes is preparing to install skid mounted facilities over the discovery ahead of an extended period of well testing. The gas find could be connected to the main gas transmission pipeline via a tie-back to the Gasco connection pipeline using existing gas flow and calorific metering facilities, according to spokesperson Alberto Harambour.

The discovery could also be tapped to support continued operations of the second Methanex train, which will benefit the two other gas field operators and the gas transmission system operator, he said. The drilling rig has been mobilised from the Clarencia 1A well to the Rio del Oro prospect to test a previous oil and gas discovery.

PetroMagallanes operates the Caupolican Block with a 50% stake. Empresa Nacional del Petroleo (ENAP) holds the other 50%. The operator also holds concessions to explore, exploit and produce petroleum in four blocks covering an area of 9000 square kilometres in, and adjacent to, the Straits of Magellan in Chile.


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