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BP STEPS UP APPRAISAL OF COLOMBIAN FIELD

 BP STEPS UP APPRAISAL OF COLOMBIAN FIELD
 CLEVELAND, Jan. 13 /PRNewswire/ -- Following encouraging initial


results from its Buenos Aires-1 well, which has bottomed at 16,000 feet, BP today announced plans to step up appraisal of the Cusiana field in Colombia.
 The company said it expected to spend some $200 million and to have around ten rigs operating in the area during 1992. The bulk of the rigs will be devoted to appraising the Cusiana field, but a number will drill new exploration wells on separate 100-percent BP acreage on the same geological trend to the north.
 The program will be directed by David Harding, who is moving from his current job as head of BP Exploration, Europe, to be BP ExplorationUs chief executive, South America, and associate president, Colombia. BPUs workforce in Colombia will be expanded from its present 120 to 500 by the end of the year.
 The company said that its Buenos Aires-1 wellJQJdrilled five kilometers to the south of the Cusiana-2a well which established Cusiana as a significant oil discovery earlier this yearJQJhad reached a depth of 16,000 feet and encountered a gross hydrocarbon column of 881 feet in three successive zones, the Mirador, the Los Cuervos and the Barco.
 It described the results as very encouraging and said it had begun tests to confirm flow rates and the likely mix of oil, condensate and gas in the well.
 BP Exploration Chief Executive Officer John Browne described the planned appraisal program as a Rvery considerable undertakingS which, over the course of the year, would establish a reliable estimate of recoverable reserves for the field. He said the company would not meanwhile be declaring any of the reserves as proven for 1991.
 The Cusiana field is located primarily in the 378-square kilometer Santiago de las Atalayas licence in the Llanos foothills, 160 kilometers north-east of the Colombian capital of Bogota. BP is the operator with a 40 percent stakeholding. Total, through its subsidiary Total Exploratie M.I.J. BV, also has an interest of 40 percent, with Triton Energy, through its subsidiary Triton Colombia Inc., holding the remaining 20 percent. Under Colombian licensing terms, the state oil company, Ecopetrol, has the right to take a 50 percent interest in a discovery in the event of it being developed.
 BP holds 100 percent interests in Pauto, Tamara and Sacama, three licence areas totalling some 2,900 square kilometers, along a trend to the north of the Cusiana field. Tamara 1, the first well in the Tamara licence, is currently drilling below 16,000 feet.
 -0- 1/13/92
 /CONTACT: Jim Marino (Cleveland), 216-586-5505, or Jim Kosowski (Houston), 713-552-8817, both of BP Exploration/ CO: BP Exploration ST: Ohio IN: OIL SU:


CG -- CL008 -- 8997 01/13/92 10:13 EST
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Publication:PR Newswire
Date:Jan 13, 1992
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