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Arrow Exploration CEO Provides Promising Updates on Operational Activities in Colombia

Arrow Exploration CEO shares significant updates on operational activities, focusing on the multi-horizon Carrizales Norte field in the Tapir Block, Colombia. The company has successfully commenced production from the first of four planned Ubaque horizontal wells for 2024, exceeding expectations with a restricted flow rate of 3,150 barrels of oil per day.

The successful production commencement and future plans at the Carrizales Norte field by Arrow Exploration signify the company's strategic efforts to optimize production and enhance recovery rates, ultimately maximizing resource extraction in the Llanos Basin. This news reflects promising developments in the oil and gas industry, showcasing the potential for increased operational footprint and production rates in Colombia's energy sector.