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.
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.