The Parex Advantage
Using Proven Technology to Increase Efficiency
Key Takeaways
■ Synthetic mud has created a step
☐
change in the ability to drill
challenging formations
E.g., VIM-1 and Capachos
■ Only Colombian company that
processes onsite synthetic mud
cuttings
■
Recycling ~70% of the volume
for re-use on the next well
Significantly advanced horizontal
drilling capabilities in 2022
■ Drilled ~54,000 feet of
horizontal wells
Well Depth (feet)
Well Depth (feet)
0
2,000
4,000
6,000
8,000
10,000
12,000
0
10
0
4,000
8,000
12,000
10
20
20
VIM-1
30
40
40
Days
Capachos
16,000
20,000
0
10
20
20
30
40
Days
A
Vaduz-1 well delivered
in ~22 days
50
Capachos-4 well
delivered in ~54 days
60
60
50
50
60
70
80
90
100
Technological advancements, including synthetic mud & horizontals, drives down drilling
costs and ultimately increases production efficiency
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