Echo drills final Argentinian well

Fiona MacAulay, chief executive of Echo Energy
Fiona MacAulay, chief executive of Echo Energy

Oil and gas firm Echo Energy said drilling had begun on the final well at its Fracción D asset, onshore Argentina, operated by Compañía General de Combustibles.

Echo said the final well, in the western area of the Fracción D licence, targets a Tobifera high identified on 2D data, and is to be drilled to a measured depth of approximately 1,514 metres by the Petreven H-2015 rig.

It is estimated to hold around 60million barrels of oil, with the Petreven H-205 rig being used for the operation.

Echo is carrying out a four well campaign in the region onshore Argentina in a joint venture with CGC.