Arrow Exploration CEO Marshall Abbott joined Steve Darling from Proactive to share news the company has reached total depth at the RCE-3 well in Colombia's Llanos Basin with a total measured depth of 8,880 feet. The company said it encountered seven hydrocarbon bearing intervals totaling 58 net feet of oil pay.
Abbott told Proactive the RCE-3 well is expected to begin production in early March 2023. The rig will then be moved to the RCE-4 location with the intention that RCE-4 will spud within two days of RCE-3 being brought into production.
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