The Perla 1X well reached a total depth of 3,147m in water 60m deep. During production tests, the well flowed 570,000 cubic meters per day of gas with 620 barrels of condensate per day, with the flow rate being constrained by rig equipment restrictions.
Repsol is the co-operator of the discovering consortium for the Cardon IV block in a joint venture with Eni. Development of the block would mean that PDVSA acquires 35% of the consortium, Repsol and Eni will both maintain a 32.5% stake.
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