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QuifaBlockProspectsIandERubialesFieldColombia,SouthAmerica

PacificE&PtosuspendoperationsonbordersofQuifaBlock

ProjectProfile
Value:US$300million
Location:LosLlanosBasin,QuifaBlock,Colombia
StartupYear:2014
Reserves:251millionbbl

TheQuifaBlockisanexploratoryblockthatalmostcompletelysurroundstheRubialesField.TheblockisthreetimeslargerthanRubialesandhassevenadditionalprospects
thathavebeenidentifiedwiththeinterpretationoftherecentlycompletedseismiccampaign.TheQuifa5wellhasevidenceofhydrocarbonpresence.Thewellfoundthetop
ofthebasalsandstonesatadepthof2,246feettrueverticaldepthsubsea(TVDSS)andtheoilwatercontactat2,311feetTVDSS,resultinginanoilcolumnof65feetat
thewell.However,asthecrestofthestructureatProspectEisat2,240feetTVDSS,theresultingtotalcolumnforthestructureis71grossfeet.Preliminarypetrophysical
evaluationofthedataatthewellindicatesanetpayzoneof25feetwithporositiesover32.Recoverablereservesfortheprospectcouldrangefrom50100millionbarrelsof
oil.

TheI9ST2well(ProspectI)foundthetopofthebasalsandstonesatadepthof2,038feettrueverticaldepthsubsea(TVDSS)andtheoilwatercontactat2,081feet
TVDSS,resultinginaverticaloilcolumnof41feetgrossatthewell.Preliminarypetrophysicalevaluationofthedataatthewellindicatesanetpayzoneof18feetwith
porositiesover30%.PacificRubialesandEcopetrolaimtodeterminethecommercialviabilityofaproprietarytechnologydubbedSTAR(SynchronizedThermalAdditional
Recovery)throughapilotprojectonQuifa.STARcouldsignificantlyincreasetherecoveryfactorinthefield.

Operators:

PacificRubialesEnergyCorp.:Operatorwith60%interest

Ecopetrol:40%interest

ProjectInformation

Apr04,2016

Pacific Exploration & Production was formally notified of the Colombian Constitutional Court's decision instructing the Company to suspend operations within
two kilometres of the border of an indigenous community known as 'Vencedor Piriri' encompassing a portion of the Quifa Block. The community is located in
the northwest corner of the Quifa Block in the Meta Department of Colombia. Operations in this area are to be suspended until a prior consultation process
is conducted with the indigenous community.

Pacific is in the process of an orderly suspension of operations within this two kilometre border area, which impacts water injection at the Pad3 location.
The Company has implemented contingency plans so as to not materially affect the production from the Quifa Block. The Company does not expect a
material decline in aggregate production during the suspension period, which will last for approx. ten weeks.

Mar17,2015

Pacific Rubiales Energy Corp and Ecopetrol, S.A. have agreed not to extend the Rubiales and Pirir FieldAssociation Contracts, expiring in June 2016.
Ecopetrol will evaluate different alternatives for the operation of the Rubiales Field. Meanwhile, Pacific Rubiales will consider submitting a new proposal to
operate the field after the contract expiry. The companies have expressed interest in developing further business opportunities for the benefit of both parties
and the country.

Jan22,2014

Pacific Rubiales Energy Corp. has commenced startup of its Petroelctrica Los Llanos (PEL) electrical power transmission line, which connects the

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Projectclassification
Completion date: 2012

STATUS: CATEGORY: ON/OFFSHORE:

UPSTREAM APPRAISAL PRODUCTION ONSHORE

Projectoperators

PacificExplorationandProductionCorporation(Colombia)
Carrera 11A No. 9445
Torre OXO, Piso 9
Bogota
Colombia

CONTACT

Telephone:++5717560080
Fax:++5717560203
Web:http://www.pacific.energy/en

EcopetrolS.A.(Ecopetrol)
Main office Cr 13 No. 36 24
Bogot
Colombia

CONTACT

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Projectmaincontractors
Nomaincontractorslisted

Projectsubcontractors
Nosubcontractorslisted

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Projectnotes

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