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Echo Energy PLC

Echo Energy achieves significant production boost in Argentina from intervention work

Pilot interventions were carried out on four wells, which boosted output to 115 barrels per day from 5 barrels

oil well
Work was carried out at four wells

Remedial work by Echo Energy Plc (LON:ECHO) at the Cañadon Salto Field in the Fracción D licence in Argentina has seen a major boost to production.

Pilot interventions were carried out on four wells, which boosted output to 115 barrels per day from 5 barrels.

READ: Echo Energy continues to progress​ Argentina wells, signs new deal in Bolivia

The first well to be commissioned, CSo-96, saw production rise to 60 barrels per day from 12 barrels and is a good indicator of the potential capacity of these wells, Echo added.

Prior to the interventions, production across the CDL licences (Fracción C, Fracción D and Laguna De Los Capones) was around 500 barrels per day excluding gas.

Echo will now monitor the pilot performance before making a decision on a full-scale remediation project across the field, which could potentially see production levels of over 400 barrels oil per day.

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