Our Business
What we do...
Exploration
The Company is of the view that the complex geological structures create opportunities for the discovery of conventional light oil and natural gas during exploration activities. The exact drilling point is determined by geological studies and the necessary engineering, technology, logistics and security services are provided for the success of this stage.
Development
Once the exploration stage is finished and depending on the found oil and gas reserves, the Field development plan is determined and executed, including facilities construction, new wells drillings, improvement of existing resources, etc.
Exploitation
The Field exploitation targets are maximizing hydrocarbon production and operations efficiency, keeping high operation standards to ensure results’ quality and safety. The produced oil and gas are sold to our clients in the domestic market, looking for commercial relationships that maximize the company’s results.
Upstream Energy
Los Blancos Concession
The Los Blancos Concession (formerly known as the Chirete Concession) is home to one of the best single-producing conventional wells in the country. High Luck Group holds 50% interest in the concessions.
Size & Location
- 95 km²
- Salta, Northern Argentina
Production
- Stable and high well pressure
- currently at 1,320 barrels per day
Working Interest
- 50%
Reserves
(as of 31 Dec, 2022)
- Proved: 0.5 mmbbl
- Probable: 0.8 mmbbl
- Total (2P): 1.3mmbbl
Exploration Wells
- HLG.St.LB.x-1002 (Exploratory): Drilled in February 2016, has encountered the Oil-water contact at the foot of the Los Blancos structure.
- HLG.St.LB.x-2001 (Oil Discovery): Drilled at the crest of the Los Blancos structure, preliminary well test showed a prolific oil well with no water cut. Commercial production commenced in early November 2019.
Quality
- API index ≈ 37º
- zero water content
- free of sulphur & other contaminants
Milestone
- Commissioning of Phase 1 permanent production facilities with target production 1000-1500 BOPD
- Construction of Phase 1 permanent production facilities to commence
- Application for Exploitation permit for the Chirete discovery, Apr – May 2019
- Extended Well Test during Jan – March 2019, has produced 82,000 barrels of light-medium crude (API 37)
- Successful drilling of HLG.St.LB.x-2001 in Nov 2018. Trial production proved the Los Blancos field is commercial.
- Application for the extension of the Third Exploratory Period until 18 November 2018 submitted to local authority.
- Completed exploration drilling of LB x-1002 well. Oil shows confirmed. Further studies and drillings to determine economic viability.
- 50% farm-in offer made in consideration to drill, log, test and complete an exploration well.
About Us
High Luck Group Limited (High Luck Group Argentina) is an oil company established in Argentina in 2008. We develop energy for the new times.
Get in Touch
Numbers
- Argentina +54 (387) 422 7697
- Argentina +54 (387) 422 7697
- Hong Kong +852 3106 2061
Headquarter
- C.P. 4400. Salta, Argentina
- Room 1402, 14/F, New World Tower 1, 16-18 Queen’s Road Central, HK